Brief: Saudi Aramco, Linde And SLB Sign Shareholders' Agreement For One Of Largest CCS Hubs Globally

Linde

04/12/2024 07:19

Dec 4 (Reuters) - SAUDI ARABIAN OIL CO  2222.SE :
    * ARAMCO, LINDE AND SLB SIGN SHAREHOLDERS' AGREEMENT FOR ONE
OF
LARGEST CCS HUBS GLOBALLY
    * FIRST PHASE CONSTRUCTION EXPECTED TO BE COMPLETED IN 2027
    * PROJECT CAPACITY TO CAPTURE AND STORE UP TO 9 MILLION
METRIC
TONS OF CO2 PER YEAR
    * UNDER TERMS OF SHAREHOLDERS' AGREEMENT ARAMCO WILL TAKE A
60%
EQUITY INTEREST IN CCS HUB
    * LINDE AND SLB EACH OWNING A 20% STAKE IN CCS HUB

Further company coverage:  2222.SE 

 ((Reuters.Briefs@thomsonreuters.com;))