Local Business

Adnoc boosts sustainable production programme

Filed on February 25, 2020
Adnoc's 2030 sustainability goals include a commitment to reduce GHG intensity by 25 per cent. - KT file

ADDED and Adnoc sign agreement to enhance cooperation.

Adnoc is building on its position as one of the least carbon-intensive oil and gas producers in the world by significantly expanding its CCUS programme, according to Dr Sultan bin Ahmad Sultan Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company.

Speaking at the panel session at the International Carbon Capture Utilisation and Storage (Iccus) conference in Saudi Arabia, Dr Al Jaber reinforced Adnoc's commitment to responsible oil and gas production as the company delivers its 2030 strategy, noting that the company is on track to expand CCUS capacity at least fivefold by 2030 as part of its holistic sustainability goals.

Commenting alongside Saudi Aramco CEO Amin Nasser, Schlumberger CEO Olivier Le Peuch and United Nations Framework Convention on Climate Change deputy executive secretary Ovais Sarmad, Dr Al Jaber explained how CCUS is enabling Adnoc to significantly lower its greenhouse gas intensity and maintain its best-in-class sustainability and environmental, social and governance performance.

Dr Al Jaber said: "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 per cent."

Currently, Adnoc's Al Reyadah facility in Abu Dhabi has the capacity to capture 800,000 tonnes of carbon dioxide annually. Adnoc plans to expand the capacity of this programme by over 500 per cent capturing carbon dioxide from its own gas plants, with the aim of reaching five million tonnes of carbon dioxide every year by 2030 - the equivalent of the annual carbon capture capacity of over five million acres of forest or forest over twice the size of the UAE. 

Detailing how Adnoc plans to achieve its CCUS targets, Al Jaber highlighted that Adnoc's Shah gas plant has the potential to enable 2.4 million tonnes of CO2 to be captured while its Habshan and Bab plant could enable the capture of almost 2 million tonnes of CO2.
Al Jaber also noted that Adnoc's CCUS expansion is an integral part of its recently announced broader sustainability goals that will help ensure the company produces more energy with less environmental impact.

Adnoc's 2030 sustainability goals include a commitment to reduce GHG intensity by 25 per cent; a limit on freshwater use to below 0.5 percent of our 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 percent across its full value chain by 2030 and a 100 percent commitment to HSE and asset integrity.

The two-day ICCUS conference has convened global energy leaders and policymakers to discuss the role of CCUS in enabling a circular carbon economy. Others taking part in the forum included Suhail bin Mohammed Faraj Faris Al Mazrouei ; Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy of Saudi Arabia and Mohammad Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (Opec), among other global energy leaders, policymakers and scientists.

ADDED, Adnoc sign agreement
The Abu Dhabi Department of Economic Development (ADDED), and Adnoc signed a Memorandum of Understanding (MoU) to enhance cooperation and drive In-Country Value, (ICV), for Abu Dhabi following the success of Adnoc's ICV programme. 

Under the terms of the agreement, ADDED will integrate and standardise Adnoc's ICV certification programme across the Abu Dhabi Government's procurement process. This extends the impact and reach of the ICV initiative, which Adnoc developed to strengthen the spill-over economic impact across the UAE. - Wam

ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /apps/pbcs.dll/article?avis=KT&date=20210203&category=ARTICLE&lopenr=210209683&Ref=AR&profile=1037 macro_action: article, macro_profile: , macro_adspot:
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery