ADNOC to Develop One of the Largest Carbon Capture Projects in MENA
Abu Dhabi National Oil Company (ADNOC) has announced a final investment decision (FID) to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The project will have the capacity to capture and permanently store 1.5 million tonnes per annum (mtpa) of carbon dioxide (CO2) within geological formations deep underground.
ADNOC’s Carbon Management Strategy
The announcement is part of ADNOC’s wider carbon management strategy, which aims to create a unique platform that connects all the sources of emissions and sequestration sites to accelerate the delivery of ADNOC and the UAE’s decarbonisation goals. As part of this strategy, the company is implementing several innovative, technology-driven pilot projects, including CO2 mineralisation and full carbon sequestration in saline aquifers.
Using best-in-class technology, the project will triple ADNOC’s carbon capture capacity to 2.3 mtpa, equivalent to removing more than 500,000 petrol-powered cars from the road per year. The project, to be built, operated and maintained by ADNOC Gas on behalf of ADNOC, will include carbon capture units at the Habshan gas processing plant, pipeline infrastructure, and a network of wells for CO2 injection.
ADNOC’s Net Zero by 2045 Ambition
The FID to develop the project fully aligns with ADNOC’s recently announced Net Zero by 2045 ambition and forms part of the company’s initial AED55 billion decarbonisation investment in low-carbon solutions. Musabbeh Al Kaabi, ADNOC Executive Director of Low Carbon Solutions and International Growth, said that carbon capture and storage is a critical enabler for the world to achieve net zero by mid-century.
ADNOC’s Decarbonisation Drive
ADNOC has placed sustainability at the heart of its long-term strategy. The company is decarbonising its operations while also investing in renewables and low-carbon fuels, building a global hydrogen value chain, deploying innovative climate technology solutions, and advancing nature-based solutions such as planting mangroves in the UAE.
Overall: ADNOC announces a final investment decision to develop one of the largest carbon capture projects in MENA, fully aligned with their Net Zero by 2045 ambition and decarbonisation drive.