By creating a new Low Carbon Solutions and International Growth vertical that will concentrate on renewable energy, clean hydrogen, and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG), and chemicals, Abu Dhabi National Oil Company (ADNOC) is accelerating operationalization of its board mandated low carbon growth strategy.
Musabbeh Al Kaabi has been named the new vertical’s executive director.
The development of the Low Carbon Solutions & International Growth vertical will be critical to advancing the company’s ongoing transformation, which has included a constant focus on decarbonizing its operations, improving energy and operational efficiency, reducing methane emissions, advancing CCUS to reduce CO2 emissions, and utilizing renewable and other zero-carbon energy sources.
The Middle East’s lowest upstream methane intensity objective, recently set by ADNOC, is 0.15% by 2025. ADNOC also wants to deploy flare gas recovery systems and routine leak detection and repair programs to further minimize methane emissions.
ADNOC is leveraging the success of the region’s first commercial-scale carbon capture, utilization, and storage (CCUS) facility in order to boost its CO2 capture capacity by more than 500%, to roughly 5 million tons per year by 2030, as part of its commitment to reducing emissions. By capturing more CO2 from its gas processing facilities and other sources of CO2 emissions, this will be accomplished.
While this is going on, ADNOC is looking into ways to improve the development and adoption of CCUS technology while lowering its costs. It does this in collaboration with industry partners, academic institutions, and research organizations.
ADNOC was the first hydrocarbon business to source all of its grid energy from renewable sources like solar and nuclear power as part of its decarbonization program, which will start in January 2022. By constructing a $3.6 billion, first-of-its-kind subsea transmission network in the Middle East and North Africa (MENA) area, it is also increasing its usage of clean grid power offshore. After it is finished, it will link ADNOC’s offshore activities to the UAE’s electrical grid, supplying power generated by nuclear and solar sources to replace gas turbine generators currently in use and dramatically lowering ADNOC’s offshore greenhouse gas emissions by more than 30%.
Under the Abu Dhabi Future Energy Company (Masdar) name, ADNOC, the Abu Dhabi National Energy Company PJSC (TAQA), and Mubadala Investment Company have joined forces to pursue well over 100GW of renewable energy by 2030. As it expands its world-class portfolio of renewable energy and green hydrogen projects, the expanded Masdar organization will develop to become one of the largest clean energy businesses of its kind in the world.
