VIDEO: How can we utilize CCS to support a lower-carbon future?

How can carbon capture and storage (CCS) support a lower-carbon future?

As part of our ambition to achieve net zero Scope 1 and 2 greenhouse gas (GHG) emissions across wholly-owned operated assets by 2050.

We identify and focus on five key pillars:

• Energy efficiency (up to 11 million CO₂e)
• Flaring and methane (up to 1 million CO₂e)
• Renewables (up to 14 million CO₂e)
• Carbon capture (up to 11 million CO₂e)
• Carbon offsets (up to 16 million CO₂e)

(MMtCO2e = million metric tons CO₂ equivalent)

We believe capturing and storing, and where possible, reusing CO₂ has the potential to support reducing global emissions.

We aim to develop CCS capacity to capture up to 11 MMtCO₂ annually by 2035.

As part of our efforts toward that goal, we announce our world-scale CCS hub in Jubail, one of the largest globally.

The hub is expected to capture annually:

• 9 MMtpa of CO₂ by 2027
• 11MMtpa of CO₂ by 2035

to help meet the world’s growing energy demand while working to reduce GHG emissions.

We continue working toward enabling pathways to support a lower-carbon future.