SLB Capturi
58Mixed / Improving· ProvisionalJoint venture between SLB and Aker Carbon Capture (now fully SLB-owned) commercialising modular amine-based carbon capture systems — Just Catch and Big Catch — for industrial emitters globally.
Why it's on ClimateTicker
SLB Capturi is a purpose-built industrial carbon capture company deploying proven amine-based CCS technology (Just Catch™ and Big Catch™) at hard-to-abate facilities including the world's first commercial cement CCS plant at Brevik, Norway — making it a credible mitigation enabler. The company's climate impact is real and measurable, with multiple operational and near-operational plants targeting millions of tonnes of CO₂ per year, though it is 80%-owned by SLB, the world's largest oilfield services company, which remains primarily an oil and gas business. Investors should credit the genuine decarbonization function of SLB Capturi's core technology while noting that its parent's broader fossil fuel franchise creates reputational and integrity complexity, and that SLB Capturi itself publishes no standalone sustainability disclosures or independent climate targets.
Commitments & Certifications
Controversy & Greenwashing Watch
SLB Capturi, formed in mid-2024, has published no independent sustainability report, lifecycle assessment, or verified net CO₂ removal accounting — all ESG disclosures are consolidated under the parent SLB, making subsidiary-level claims unverifiable.source ↗
SLB Capturi's offshore product line (Just Catch Offshore™) is explicitly designed for FPSOs and offshore platforms, meaning a portion of the business directly serves oil and gas operators and could extend the economic life of fossil fuel assets.source ↗
SLB (80% owner) is the world's largest oilfield services company by revenue, providing drilling, reservoir, and production technology to fossil fuel producers globally — creating a structural conflict with SLB Capturi's decarbonization mission and raising concerns that CCS may be used to justify continued oil and gas investment.source ↗
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