Matt's questions to Linde PLC (LIN) leadership • Q4 2024
Question
Speaking for Kevin McCarthy, Matt from Vertical Research Partners asked for details on the new carbon capture (CCS) hub in Jubail, Saudi Arabia, including its scope, investment size, and potential as a base for future growth.
Answer
CEO Sanjiv Lamba explained it is a three-way JV with Saudi Aramco, with phase one targeting 9-11 million tonnes of CO2 sequestration annually. The project has the potential to expand to ~54 million tonnes, which would make it the world's largest. He expects a Final Investment Decision (FID) in the coming months and confirmed it will strengthen Linde's regional position and could be leveraged for a future blue hydrogen project.