This comes as the company announced a set of comprehensive sustainability goals, reinforcing its commitment to environmental stewardship.
The announcement was made by Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO while speaking at the opening ceremony of the Abu Dhabi Sustainability Week (ADSW).
The sustainability goals support ADNOC’s vision to enhance sustainability and respond to rising global energy demand, while also aligning with the UN Sustainable Development Goals on responsible consumption and production, climate action, protecting biodiversity and enhancing economic opportunity.
As part of its sustainability goals, ADNOC:
- plans to decrease its greenhouse gas (GHG) emissions intensity by 25% by 2030.
- commits to limit its freshwater consumption ratio to below 0.5% of total water use.
- will continue to protect and support biodiversity across its operations and the broader local environment.
As part of this commitment, ADNOC plans to plant 10 million mangrove seedlings in Al Dhafra Region in the emirate of Abu Dhabi by the end of 2022.
Mangroves have enormous capacity to absorb atmospheric CO2 and other greenhouse gases, trapping them in flooded soils.
Over the same period, ADNOC plans to achieve In-Country Value (ICV) of 50 % across its full value chain by 2030, building on the momentum of the success of its ICV program launched in January 2018 to encourage private-sector partnerships, catalyze socio-economic development, improve knowledge-transfer and generate skilled jobs for UAE nationals.
To date, the program has driven more than AED 44 billion ($12 billion) back into the UAE economy and created over 1,500 private-sector jobs for UAE nationals since it was launched in January 2018.
Building on 50 years of responsible production, ADNOC will continue to work in partnership with key stakeholders to prioritize sustainability and we will continue to make significant investment in new and innovative technologies to improve environmental performance,
......H.E. Dr. Al Jaber said.
To enable ADNOC’s goal to reduce its GHG intensity by 25%, ADNOC is building on the success of the region’s first commercial-scale carbon capture, utilization and storage (CCUS) facility.
Currently, Al Reyadah facility has the capacity to capture 800,000 tonnes of CO2 annually. ADNOC plans to expand the capacity of this program six-fold by capturing CO2 from its own gas plants, with the aim of reaching 5 million tonnes of CO2 every year by 2030 – the equivalent of the annual carbon capture capacity of over 5 million acres of forest or forest over twice the size of the UAE.
In early 2019, ADNOC Logistics & Services announced that it had reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels, as part of the 'Al Daffah Energy Efficiency Project'.