Home » ADNOC announces final investment decision (FID) to develop largest carbon capture projects, in the MENA region

ADNOC announces final investment decision (FID) to develop largest carbon capture projects, in the MENA region

Under its carbon management strategy, ADNOC announces its final investment decision (FID) to develop largest carbon capture projects in the Middle East and North Africa region.

The company is an energy group which plans projects to make energy cleaner and invest in clean energy for sustainability. The company claims the project will be apt to capture and store 1.5 million tonnes per annum (mtpa) of carbon dioxide (CO2) within underground geological formations.

The carbon management strategy aims to develop a platform that links emissions and sequestration sites with the company. This allows ADNOC to distribute its services and achieve decarbonization goals.

The company released report said, “As part of this strategy, the company is implementing several innovative, technology driven pilot projects, including CO2 mineralization and full carbon sequestration in saline aquifers.”

ADNOC says with technology, it can triple the carbon capture to 2.4mtpa. The project will be built, operated, and maintained by ADNOC Gas. It will include carbon capture units at the Habshan, pipeline infrastructure, and a network of wells for CO2 injection.

ADNOC’S other projects include –

In 2016, the company introduced first of its carbon capture, transportation, and storage facility at Al Reyadah in Abu Dhabi.
The companies ADNOC and Occidental are working to assess potential investment opportunities in the UAE and the United States. The investment is in carbon capture and storage and direct air capture.

Musabbeh Al Kaabi, ADNOC Executive Director of Low Carbon Solutions and International Growth, said: “The Intergovernmental Panel on Climate Change has stated that carbon capture and storage is a critical enabler for the world to achieve net zero by mid-century.”

“This landmark project, is one of many tangible initiatives that ADNOC is delivering as we accelerate our decarbonization plan to meet our Net Zero by 2045 ambition.

“As ADNOC continues its transformation towards a lower carbon future, it is our intention to make further investments to significantly reduce our emissions, including in carbon capture and storage, and push the boundaries of innovation and technology with our partners, to build on our world-leading legacy and industry leadership in carbon management.”

The carbon captured is claimed to be permanently kept in a sub-surface by closed-loop CO2 capture and reinjection technology. The FID forms a part of an investment with a $15 billion (AED55 billion) decarbonization investment in low-carbon solutions.

Source: https://adnoc.ae/en/News-and-Media/Press-Releases/2023/ADNOC-to-Invest-in-One-of-the-Largest-Integrated-Carbon-Capture-Projects-in-MENA