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Implement major projects to reduce emissions by 2030, including carbon capture and storage, carbon dioxide absorption technologies, and increase investments in hydrogen and new energies.
In line with the company’s Board of Directors’ approval of its plan to achieve climate neutrality by 2050, ADNOC is launching an ambitious action plan based on its strong record in responsible energy production.
ADNOC calls on global technology and energy sector leaders to cooperate and work through qualitative partnerships and take practical and realistic steps that contribute to achieving a responsible transition in the energy sector in its continuous endeavor to ensure that its business keeps pace with the future.
The strategic program is a key enabler for implementing ADNOC’s commitment to reducing emissions intensity by 25% by 2030 and achieving climate neutrality by 2050.
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ABU DHABI, January 5: ADNOC, a trusted and responsible provider of low-emissions energy, today announced an ambitious new strategy to drive progress in reducing emissions from its global operations.
The announcement of this plan comes in line with the directive of the ADNOC Board of Directors in November 2022 to accelerate the implementation of its low-carbon growth strategy, as well as the adoption of its plan to achieve climate neutrality by 2050.
The new strategy builds on the company’s strong track record as a leading low-emissions energy producer that includes reliance on a zero-emission electricity grid, its commitment to zero flaring of gas in its routine operations, and the implementation of the region’s first large-scale carbon capture project.
And in implementation of the directives of the company’s board of directors, ADNOC has allocated 55 billion dirhams (15 billion US dollars) to develop a group of projects across the value chain of its diversified operations by 2030.
These projects will include investments in clean electric energy, carbon capture and storage, increased reliance on electricity to run its operations, improving energy efficiency, and developing new measures that enhance the company’s efforts to reduce gas flaring. ADNOC will conduct a rigorous evaluation of each project focusing on the commercial and sustainability aspect to ensure that it achieves a tangible and lasting impact.
Over the course of 2023, ADNOC will announce a range of new projects and initiatives, including the development of a new carbon capture and storage (CCS) project, innovative carbon removal technologies, investment in clean energy solutions, and strengthening international partnerships. In addition to the recent establishment of a new sector for low-carbon solutions and international growth, these steps together represent concrete and effective measures in ADNOC’s efforts to reduce emissions intensity by 25% by 2030, and its approach to achieving its goal of achieving climate neutrality by 2050.
His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, said – on this occasion -: “In implementation of the leadership’s directives to consolidate the UAE’s position as a responsible energy provider, and as part of ADNOC’s efforts to accelerate the implementation of its plans approved by its board of directors.” The company continues to take qualitative and effective steps to provide low-emission energy by investing in clean energy sources and future new technologies, as keeping pace with the transition in the energy sector requires the adoption of a responsible methodology by the countries of the world in order to stimulate economic growth while ensuring the preservation of the environment. ADNOC will implement practical and concrete measures to achieve this goal.
He added, “In an effort to consolidate its strong record in responsible and reliable energy production, ADNOC will accelerate the implementation of huge investments in large projects in the areas of clean energy, low-carbon solutions, and technologies to reduce emissions. As the company continues its endeavors to ensure that its business keeps pace with the future, it invites technology leaders And the energy sector to cooperate with it and take practical and tangible measures that contribute to achieving a realistic, practical and logical transition in the energy sector. This ambitious strategic plan will contribute to consolidating ADNOC’s leadership in the energy sector and strengthening its position as a leading global provider of low-carbon energy.”
And based on the capabilities of the “Al-Riyada” facility owned by ADNOC, which can capture up to 800 thousand tons of carbon dioxide annually, the company will announce plans to expand the use of carbon capture, storage and absorption technologies by taking advantage of the geological characteristics of the UAE, at the same time In which the company is preparing to implement its next major investment in carbon capture from the Habshan gas processing facility.
ADNOC plans to expand its carbon dioxide capture capabilities to reach 5 million tons annually by 2030, which will contribute to establishing the UAE’s position as a global center of expertise and innovation in carbon capture technologies.
ADNOC’s plans to expand its carbon capture and storage program support its efforts to significantly raise Abu Dhabi’s production capacity of low-carbon hydrogen and ammonia, as the company is developing a world-class low-carbon ammonia production facility with a production capacity of one million metric tons annually within the “Taziz” service system. Industrial and logistical, which aims to drive and enable the growth and expansion of the Ruwais Industrial City, the chemical industry sector, manufacturing industries, and the industrial sector in Abu Dhabi.
It is noteworthy that “ADNOC” has already delivered experimental shipments of low-carbon ammonia to Europe and Asia.
ADNOC’s plans to expand its business portfolio in the field of new energy will be implemented by relying heavily on its stake in Masdar, the clean energy giant in the UAE, which currently produces more than 20 gigawatts of clean energy, with plans to raise its production capacity to 100 gigawatts by 2018. 2030.
Masdar is also leading the UAE’s efforts to consolidate its leading position in the field of green hydrogen.
And since January 2022,
