Saudi Aramco has awarded Larsen & Toubro a $1.5 billion contract for a carbon capture and storage (CCS) project in Jubail, Saudi Arabia. The project, part of Saudi Aramco's Accelerated Carbon Capture & Sequestration (ACCS) initiative, aims to capture CO2 from industrial streams, including Aramco’s gas plants, and sequester it in a saline aquifer. The facility, set to be operational by 2027, is a key component of Saudi Arabia's 2060 net-zero ambition, with an interim target of sequestering 44 million tons of CO2 by 2035. The CCS hub, a joint venture involving Aramco, Linde, and SLB, will annually capture and sequester 9 million metric tons of CO2, contributing to emissions reduction and economic diversification. Additionally, the project will create opportunities for blue hydrogen and ammonia production, in line with Aramco's 2050 goal of achieving net-zero Scope 1 and 2 emissions.