UAE’s oil and gas firm ADNOC announced expansion of its Carbon Capture Utilization and Storage (CCUS) program, as part of its goal to become one of the least carbon-intensive oil and gas producers in the world, in line with its 2030 strategy.
Speaking during an event in Saudi Arabia, Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), noted the company is on track to expand CCUS capacity at least fivefold by 2030 as part of its holistic sustainability goals.
ADNOC’s CCUS program reinforces our position as the least-carbon intensive oil and gas producer in the world. It is also an important enabler of our holistic 2030 sustainability goals, specifically our target to reduce greenhouse gas intensity by 25 percent,
…Dr. Al Jaber said.
ADNOC’s CCUS program is also enabling the company to maximize value from its hydrocarbon reserves through enhanced oil recovering (EOR), liberating the cleaner-burning natural gas to cater for growing demand, H.E. Dr. Al Jaber said.
Currently, ADNOC’s Al Reyadah facility in the emirate of Abu Dhabi has the capacity to capture 800,000 tonnes of CO2 annually.
ADNOC plans to expand the capacity of this program by over 500% 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.
Overall, ADNOC’s 2030 sustainability goals include:
- a commitment to reduce GHG intensity by 25%;
- a limit on freshwater use to below 0.5% of its total water use;
- a commitment to ensure female representation on the board of each of its operating companies by 2022;
- a commitment to plant 10 million mangrove seedlings in Al Dhafra Region in the emirate of Abu Dhabi by the end of 2022;
- a commitment to achieve In-Country Value (ICV) of 50% across its full value chain by 2030 and
- a 100% commitment to HSE and asset integrity.
