SLB and Linde Collaborate on Carbon Capture and Sequestration
31 Outubro 2022 - 9:00AM
Business Wire
Projects will capture and sequester CO2 emissions from
sectors such as hydrogen, ammonia and natural gas
Regulatory News:
SLB (NYSE: SLB) and Linde (NYSE: LIN; FWB: LIN) announced today
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
carbon dioxide (CO2) capture and sequestration; innovative
technology portfolios; project development and execution expertise;
and engineering, procurement, and construction (EPC)
capabilities.
CO2 is found or produced in many industrial and energy
applications. 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) estimates1 that over 6Gt of
CO2 per year will need to be abated with CCUS in order to reach net
zero by 2050.
“CCUS is vital in creating the decarbonized energy systems our
planet needs to balance energy demand with climate objectives,”
said Olivier Le Peuch, chief executive officer, SLB. “We are
excited about this collaboration with Linde to develop CCUS
projects and support the growth of low-carbon energy products from
conventional energy sources.”
“Carbon capture and storage will be a key lever for tackling
global warming,” said Sanjiv Lamba, chief executive officer, Linde.
“We are committed to helping customers decarbonize their operations
in a cost-effective way. 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.”
SLB and Linde have been working on decarbonization opportunities
for over a year already. Using their global footprint across
multiple sectors and industries, the collaboration will expand
customer reach and will focus on designing business and operating
models that maximize value for all stakeholders.
About SLB
SLB (NYSE: SLB) is a global technology company that drives
energy innovation for a balanced planet. With a global footprint in
more than 100 countries and employees representing almost twice as
many nationalities, we work each day to decarbonize oil and gas and
develop scalable new energy technologies to accelerate the energy
transition. Find out more at slb.com.
About Linde
Linde is a leading global industrial gases and engineering
company with 2021 sales of $31 billion (€26 billion). We live our
mission of making our world more productive every day by providing
high-quality solutions, technologies and services which are making
our customers more successful and helping to sustain and protect
our planet.
The company serves a variety of end markets including chemicals
& energy, food & beverage, electronics, healthcare,
manufacturing, metals and mining. Linde’s industrial gases are used
in countless applications, from life-saving oxygen for hospitals to
high-purity & specialty gases for electronics manufacturing,
hydrogen for clean fuels and much more. Linde also delivers
state-of-the-art gas processing solutions to support customer
expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and
services, please visit www.linde.com.
1 IEA (2022), World Energy Outlook 2022 IEA, Paris
https://www.iea.org/reports/world-energy-outlook-2022
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “potential,” “projected" and other
similar words. Forward-looking statements address matters that are,
to varying degrees, uncertain, such as forecasts or expectations
regarding the deployment of, or anticipated benefits of, carbon
capture technologies and partnerships; statements about goals,
plans and projections with respect to sustainability and
environmental matters; forecasts or expectations regarding energy
transition and global climate change; and improvements in operating
procedures and technology. These statements are subject to risks
and uncertainties, including, but not limited to, the inability to
achieve net-negative carbon emissions goals; the inability to
recognize intended benefits of carbon capture strategies,
initiatives or partnerships; legislative and regulatory initiatives
addressing environmental concerns, including initiatives addressing
the impact of global climate change; the timing or receipt of
regulatory approvals and permits; and other risks and uncertainties
detailed in the companies’ public filings, including SLB’s most
recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S.
Securities and Exchange Commission. If one or more of these or
other risks or uncertainties materialize (or the consequences of
such a development changes), or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those reflected
in our forward-looking statements. The forward-looking statements
speak only as of the date of this press release, the parties
disclaim any intention or obligation to update publicly or revise
such statements, whether as a result of new information, future
events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20221030005024/en/
Media Moira Duff – Director of External Communication
Tel: +1 (713) 375-3407 Email: media@slb.com
Anna Davis Tel: +44 1483 244705 Email: anna.davies@linde.com
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations Joy V. Domingo – Director of Investor Relations
Tel:+1 (713) 375-3535 Email: investor-relations@slb.com
Juan Pelaez Tel: +1 (203) 837-2213 Email:
juan.pelaez@linde.com
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