Gulf Oil Producers Expand Carbon Capture And Hydrogen Capacity

As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and other green energies to make their activities less carbon-intensive and support the energy transition.Last week Saudi Aramco reached a deal with China’s Sinopec to develop CCUS and hydrogen while building a manufacturing complex at the King Salman Energy Park in eastern Saudi Arabia.In July Abu Dhabi National Oil Company (ADNOC) signed a deal with France’s TotalEnergies to collaborate on CCUS and hydrogen. The deal will help ADNOC meet its goal of capturing 5m tonnes per annum (tpa) of carbon by 2030, a six-fold increase from its current capacity of 800,000 tpa from its gas plants.These deals are the latest of numerous others in recent months by Gulf NOCs, which…

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