Saudi Arabia Carbon Capture and Storage Market Overview

Market Size in 2024: USD 27.56 Million

Market Forecast in 2033: USD 55.42 Million

Market Growth Rate 2025-2033: 8.07% 

According to IMARC Group's latest research publication, "Saudi Arabia Carbon Capture and Storage Market Size, Share, Trends and Forecast by Service, Technology, End Use Industry, and Region, 2025-2033", the Saudi Arabia carbon capture and storage market size reached USD 27.56 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 55.42 Million by 2033, exhibiting a growth rate (CAGR) of 8.07% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Carbon Capture and Storage Market

• AI-powered models optimize carbon capture processes in Saudi Arabia, increasing CO2 capture efficiency by 30% while reducing energy consumption and operational costs significantly.
• Real-time AI-based monitoring systems enable precise tracking of emissions and leaks, leading to a 40% reduction in methane emissions across major petrochemical facilities.
• Saudi Aramco's launch of a direct air capture pilot unit removes 12 tons of CO2 annually, with AI optimizing material performance for cost-effective scaling.
• Government partnerships, like SDAIA and IBM, use AI to map and reduce national carbon emissions, enhancing compliance with Vision 2030 sustainability targets.
• Predictive AI maintenance boosts uptime and efficiency of carbon capture equipment, cutting downtime by 25% and lowering costs for sustainable operations.

Saudi Arabia Carbon Capture and Storage Market Trends & Drivers:

Saudi Arabia’s commitment to net-zero emissions by 2060 and Vision 2030 climate goals are major growth drivers for its carbon capture and storage (CCS) market. The government invests heavily in clean energy, integrating CCS into national policies to reduce emissions across oil, gas, and industrial sectors. For example, the Jubail CCS hub, led by Saudi Aramco with partners SLB and Linde, aims to capture nine million tonnes of CO2 annually, signaling a strong public-private collaboration pushing the market forward through large-scale infrastructure development.

Strong government support and regulatory frameworks further propel CCS growth. Saudi Arabia has introduced policies facilitating CCS project approvals and funding, encouraging technology adoption in high-emission industries. The Saudi Green Initiative emphasizes carbon reduction with dedicated investments to develop CCS infrastructure and innovation hubs, strengthening the local supply chain. These initiatives create favorable conditions for international partnerships and knowledge transfer, enabling the Kingdom to establish itself as a regional leader in carbon management solutions essential for sustainable industrialization.

Emerging trends include integration of CCS with hydrogen production and bioenergy (BECCS), advancing Saudi Arabia’s energy diversification and decarbonization efforts. Projects focus on combining carbon capture with green and blue hydrogen to reduce the carbon footprint of energy systems while creating new economic opportunities. Digital technologies, including AI and IoT, optimize capture efficiency and operational reliability, reducing costs. Increasing local manufacturing capabilities for CCS components also reduce dependency on imports, promoting wider deployment and supporting market growth aligned with Saudi Arabia’s circular carbon economy framework.

Saudi Arabia Carbon Capture and Storage Industry Segmentation:

The report has segmented the market into the following categories:

Service Insights:

• Capture
• Transportation
• Storage

Technology Insights:

• Post-combustion Capture
• Pre-combustion Capture
• Oxy-fuel Combustion Capture

End Use Industry Insights:

• Oil and Gas
• Coal and Biomass Power Plant
• Iron and Steel
• Chemical
• Others

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Carbon Capture and Storage Market

• July 2025: Energy Minister inaugurated a new carbon capture facility supporting the Jubail CCS hub, aiming to capture nine million tonnes of CO2 per year, boosting national emission reduction efforts.
• June 2025: Saudi Data and AI Authority partnered with IBM and the Ministry of Energy to deploy AI-driven carbon mapping tools, accelerating compliance with Vision 2030 sustainability targets.
• March 2025: Saudi Aramco launched the Kingdom’s first direct air capture unit, removing 12 tons of CO2 annually, powered by advanced AI to enhance efficiency and scalability.

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