Linde and SLB recently announced that they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors.

The collaboration will combine decades of experience in CO₂ capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement and construction (EPC) capabilities.

This collaboration will focus on hydrogen and ammonia production, where CO₂ is a by-product, and in natural gas processing. CCUS abates the emissions from these energy-intensive industries, creating new low-carbon energy sources and products. The International Energy Agency (IEA) estimates that over 6 giga-tons of CO₂ per year will need to be abated with CCUS in order to reach net zero by 2050.