Aramco and Siemens Sign Agreement for Carbon Storage and Hydrogen Production Project
Saudi Aramco and the German energy company Siemens are set to sign an agreement tomorrow,
Monday, to develop a joint project for carbon storage,
according to Amin Nasser, the President and CEO of Aramco.
Nasser explained that there is belief in the effectiveness of carbon capture technologies from the air,
but they require ongoing research and advanced technology to reduce associated costs.
The company hopes to capture carbon dioxide produced from natural gas conversion to hydrogen and other industrial activities and store it deep underground in reservoirs formerly used for oil and gas production.
This project is part of a broader vision for Aramco to lead in the hydrogen production sector,
which is key to the global shift toward clean energy sources, as hydrogen generates no emissions when burned.
However, to achieve this goal, it will be necessary to build extensive facilities for carbon capture and storage.
Carbon dioxide is produced when natural gas is converted into hydrogen, but these emissions can be stored to produce what is known as blue hydrogen. This blue hydrogen can be used in the production of blue ammonia, which is much easier to transport than hydrogen and can be converted back into hydrogen later.
In this context, Nasser emphasized the significant role that hydrogen will play in the future energy mix,
describing it as “clean energy that must be made available.”
He noted that widespread deployment will take some time.