SLB and Linde entered into a strategic collaboration on Oct. 31 to develop carbon capture, utilization and sequestration (CCUS) projects and “support the growth of low-carbon energy products from conventional energy sources,” SLB CEO Olivier Le Peuch said. (Source: SLB)
Energy tech firm SLB is furthering its year-long partnership focused on decarbonization solutions with global multinational chemical company Linde Plc into carbon capture and storage.
The pair entered into a strategic collaboration on Oct. 31 to develop carbon capture, utilization and sequestration (CCUS) projects and “support the growth of low-carbon energy products from conventional energy sources,” according to SLB CEO Olivier Le Peuch.
“CCUS is vital in creating the decarbonized energy systems our planet needs to balance energy demand with climate objectives,” Le Peuch commented in a company release on Oct. 31.
SLB, formerly Schlumberger, and Linde have been working on decarbonization opportunities for over a year already. The expanded collaboration will focus on hydrogen and ammonia production, where CO₂ is a by-product, and in natural gas processing.
CO₂ is found or produced in many industrial and energy applications. However, the SLB release noted that CCUS abates emissions from energy-intensive industries, creating new low-carbon energy sources and products.
“Carbon capture and storage will be a key lever for tackling global warming,” Linde CEO Sanjiv Lamba said in the release.
The collaboration between SLB and Linde combine decades of experience in CO₂ capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement and construction (EPC) capabilities, according to the SLB release.
“We are committed to helping customers decarbonize their operations in a cost-effective way,” Lamba continued. “With SLB, we are able to offer technology-driven solutions—from execution of complex EPC projects through to ensuring reliable and safe long-term storage.”
Based in Houston, SLB has a global footprint in more than 100 countries and employees representing almost twice as many nationalities. The company works to decarbonize oil and gas and develop scalable new energy technologies to accelerate the energy transition, the SLB release said.
Linde is a leading global industrial gases and engineering company with 2021 sales of $31 billion (€26 billion). The company headquartered in Dublin, Ireland.
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