Saudi Arabia Carbon Capture and Storage Market Size, Share & Trends Analysis Report By Technology (Pre-combustion Capture, Oxy-fuel Combustion Capture, Post-combustion Capture), By End-User Industry (Oil and Gas, Coal and Biomass Power Plant, Iron and Steel, Chemical) and By Country (U.S., Canada) Forecasts, 2026-2034

Saudi Arabia Carbon Capture and Storage Market Size

The saudi arabia carbon capture and storage market size was valued at USD 392 million in 2025 and is projected to grow from USD 437.47 million in 2026 to  USD 1052.60 million by 2034 at a CAGR of 11.6% during the forecast period 2026-2034.

Saudi Arabia Carbon Capture and Storage Market Segmentation Analysis

Technology Insights

Pre-combustion capture dominates the technology segment and is expected to grow at a CAGR of 14.7% over the forecast period. Pre-combustion capture remains a critical technology for Saudi Arabia’s power and industrial sectors. It allows CO₂ to be captured before combustion during fuel production or processing, making it ideal for oil refining and natural gas processing industries. This is particularly relevant as Saudi Arabia continues to rely on fossil fuels for energy, and Saudi Aramco’s gas processing plants are ideal candidates for deploying pre-combustion technologies to reduce their carbon emissions and align with national climate goals.

Request Customizationto receive a tailored report.

Services Insights

Capture services dominate the service segment and are expected to grow at a CAGR of 14.7% during the forecast period. Capture services include all technologies that help remove CO₂ from industrial processes. Saudi Arabia’s industrial sector, particularly in petrochemicals and cement, presents a growing opportunity for such services. As the National Industrial Development and Logistics Program (NIDLP) continues prioritizing sustainable industries, the demand for efficient CCS capture services is expected to rise. Saudi Aramco has already incorporated CCS services at its Hawiyah CO₂ Injection Facility, and expanding these services across the industrial sector is a critical component of Saudi Arabia’s emissions-reduction strategy.

Utilization Technology Insights

Catalytic conversion dominates the utilization technology and is expected to grow at a CAGR of 15.6% over the forecast period. This technology converts captured CO₂ into valuable products such as methanol, synthetic fuels, and plastics. Saudi Basic Industries Corporation (SABIC), one of the world’s largest petrochemical manufacturers, has explored CO₂ conversion technologies in its SABIC Innovation Center, where captured CO₂ produces industrial chemicals. These innovative applications are driving the demand for catalytic conversion technologies, offering a path for economic value while addressing environmental concerns.

End Users Insights

Oil and gas dominate the end-user segment and is expected to grow at a CAGR of 16.0% during the forecast period. As the country continues to rely heavily on fossil fuels for electricity generation, particularly natural gas, CCS is essential to reduce the emissions from power plants. The Riyadh Power Plant and the Jeddah South Thermal Power Plant are prime candidates for CCS retrofits, aiming to capture CO₂ and reduce the carbon footprint of power generation. Additionally, the government’s focus on increasing the share of renewable energy will further enhance the need for hybrid systems incorporating CCS to meet the country’s emission targets.

Speak to an Analystto discuss market opportunities.

Country Insights

The market is characterized by diverse CCS applications across Saudi Arabia’s critical industrial, power, and oil sectors.As one of the world’s largest oil producers and exporters, Saudi Arabia has increasingly recognized the importance of CCS technologies in meeting its Vision 2030 goals and net-zero emissions target by 2060. The country has actively invested in CCS infrastructure, with initiatives like the Uthmaniyah CO₂ Injection Project spearheaded by Saudi Aramco and supported by international players like Air Products.

Riyadh, as the capital city and a central industrial hub, is seeing growing investments in CCS infrastructure. Saudi Aramco has implemented CCS projects in Riyadh, especially refining and chemical manufacturing. Riyadh’s position as the economic and political center of the kingdom ensures continuous support for CCS technologies, mainly as the government aims to reduce emissions in line with Vision 2030.

Jeddah is one of Saudi Arabia’s leading cities in energy production, particularly in the natural gas and petrochemical industries. The Jeddah South Thermal Power Plant is expected to incorporate CCS technologies to help meet emission targets. Additionally, Jeddah’s proximity to the Red Sea makes it a viable location for CO₂ sequestration projects.

Dhahran is home to Saudi Aramco’s headquarters, which leads many of the nation’s CCS initiatives. The city is pivotal in exploring EOR technologies, where CO₂ is injected into oil fields to increase production. These processes align with the national strategy for using CCS to enhance oil recovery while reducing overall emissions.

Dammam is a major industrial city with significant oil and gas infrastructure. SABIC operates large chemical plants here, many of which have begun integrating CCS technologies. Dammam’s industrial base makes it a key market for capture by service and catalytic conversion technologies, where CO₂ emissions can be reduced while producing valuable products.

Mecca is evolving into a green energy hub focusing on sustainability, especially for its large-scale infrastructure and tourism sectors. As part of its efforts to diversify energy sources, Mecca is exploring the integration of CCS with new solar energy projects, which could play a role in the city's efforts to meet its environmental goals.

List of Key and Emerging Players in Saudi Arabia Carbon Capture and Storage Market