Adnoc will invest in clean power, carbon capture and storage, further electrification of operations, energy efficiency and new measures to build on its policy of zero routine gas flaring.
Adnoc continues to take significant steps to make today’s energy cleaner while investing in the clean energies and new technologies of tomorrow.
Adnoc is preparing for a “major” investment to capture emissions at its Habshan gas processing facility. It forms part of its plan to increase its carbon capture capacity to five million tonnes per annum by the end of the decade.
Adnoc also said it aims to deploy new technologies to capture and store carbon dioxide by leveraging the UAE’s geological properties.
The company’s Al Reyadah carbon capture plant, which was completed in 2016, has a capacity of 800,000 tonnes per year.
Adnoc said it was setting up a new low-carbon solutions and international growth vertical, which will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, liquefied natural gas and chemicals.
Adnoc said the expansion of its new energy portfolio will largely be delivered through its stake in Abu Dhabi’s clean energy company Masdar, which plans to increase its capacity to 100 gigawatts by 2030, from 20 gigawatts currently.
The development is expected to reduce the carbon footprint of Adnoc’s offshore operations by up to 50 per cent, replacing existing offshore gas turbine generators with more sustainable power sources from the Abu Dhabi onshore power network.
Adnoc has set a new methane emissions target for its upstream unit as part of its efforts to reduce its overall greenhouse gas emissions.