Aramco taps L&T for carbon capture project: Saudi Aramco reportedly awarded Indian energy company Larsen & Toubro’s(L&T) Energy Hydrocarbon division a USD 1.5 bn engineering, procurement, and construction (EPC) contract for the first phase of its Carbon Capture and Storage (CCS) hub in Jubail, CNBC TV18 reported last week. L&T is yet to confirm the contract.

About the project: The planned hub will have the capacity to store up to 9 mn tons of CO2 a year by 2027 or 2028. The facility will get some 6 mn tons of CO2 from Aramco, with the rest coming from other industrial sources, the Indian network reported.

Where do things stand? Scottish consulting and engineering firm Wood signed a shareholders’ agreement with global multinational chemicals company Linde and US-based SLB for the project in December. Meanwhile, Global Pipe Company received a SAR 910 mn order to supply LSAW pipes for the hub earlier this month.

ICYMI- Aramco has bigger plans: Aramco inked final agreements to acquire a 50%stake in Blue Hydrogen Industrial Gases Company back in July. It also reconfirmed plans to produce 11 mn tons of blue hydrogen annually by 2030 last year, with the oil giant earmarking “multiple bns of USD” to establish itself as a major blue hydrogen exporter.

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