Petro Rabigh, Saudi Arabia announced in a statement that it has signed the CO2 Capture and Sales Project Agreement with Gulf Cryo Company, a project that aligns with Saudi Arabia’s Circular Carbon Economic Concept, as well as the Saudi Vision 2030’s ambitious programs, aiming to reduce carbon emissions in the Kingdom.
The Agreement was signed in Rabigh by Petro Rabigh P&CEO Othman A. Al-Ghamdi and Gulf Cryo Chairman, Amer Al-Huneidi, establishing a new strategic collaboration that reinforces the commitment of both companies to enhancing local content and securing a resilient supply chain and sustainable business environment.
Part of the total captured and highly-purified gas will be transformed into a food-grade quality with a volume of 300 metric tonnes/day.
It will be supplied via pipeline to Petro Rabigh for its internal processes. The remaining volume of CO2 will be provided in liquid form to industrial end-users replacing fossil fuel burning plants and contributing to an environmentally friendly economy. In return, the captured and purified CO2 emissions are utilized as a valuable resource for food-grade innovative gas applications in Oil & Gas, Desalination, Food & Beverage, Cement, and Agriculture industries.
The Project will start in August 2022 and will be completed in Q3 2023, statement mentioned.
