ADNOC had their management strategy and their goals to double their carbon capture capacity by 2030 reviewed and reaffirmed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.
ADNOC is currently aiming to double its CO2 carbon capture capacity to 10 million tons per annum (MMtpa) by 2030. The company’s other aim is to connect all sources of emissions and sequestration sites, through creating an innovative platform, which is being created with the end goal of accelerating the delivery of ADNOC and the UAE’s decarbonisation goals. Aligning with this goal, ADNOC have announced that they have received the final invest decision (FID) to develop its pioneering 1.5 MMtpa Habshan carbon capture, utilisation and storage (CCUS) project.
The decision around the final investment was awarded once the progress ADNOC has made was reviewed. His Highness praised the work ADNOC has already done to work towards their accelerated goal of reaching net zero by 2045. This work has included scaling up carbon capture capacity, lowering methane emissions and becoming a shareholder in Masdar by investing in renewable energy and hydrogen.
One of the reasons why ADNOC has had its decarbonisation goals reaffirmed is due to the notable work it has previously had a huge influence in, such as speeding up responsible growth and diversification of the nation’s economy, throughout the UAE Year of Sustainability. ADNOC has also ensured that sustainability has stayed at the forefront of ADNOC’s strategy to future proof its business, whilst continuing to push the growth across the company’s value chain. His Highness has told the company to look and explore more opportunities for the business to grow internationally.
ADNOC’s efforts have been continuing for a while in Abu Dhabi and have been encouraging businesses to join their journey and effort since they launched a $1 million Decarbonisation Technology Challenge earlier this year. This challenge attracted 650 applicants from global companies and is one of many technology driven pilot projects, some of which include CO2 mineralisation and full carbon sequestration in saline aquifers.