- The Habshan project will triple the state oil giant’s carbon capture capacity to 2.3 million metric tonnes annually.
- This project is part of ADNOC’s fulfilment to allocate $15 billion to decarbonisation projects by 2030.
Abu Dhabi National Oil Company (ADNOC) said it has concluded an investment decision to develop the Habshan carbon capture, utilisation and storage (CCUS) project. In a statement, ADNOC said the CCUS project will capture and store 1.5 million metric tonnes of carbon dioxide annually.
The Habshan project will triple the state oil giant’s carbon capture capacity to 2.3 million metric tonnes annually. The project will be built, operated, and maintained by ADNOC Gas on behalf of ADNOC. It will include carbon capture units at the Habshan gas processing plant, pipeline infrastructure, and a network of wells for carbon dioxide injection.
This project is part of ADNOC’s fulfilment to allocate $15 billion to decarbonisation projects by 2030. Stressing the firm’s commitment, the Executive Director of Low Carbon Solutions and International Growth, ADNOC, Musabbeh Al Kaabi, said, “This landmark project is one of many tangible initiatives that ADNOC is delivering as we accelerate our decarbonisation plan to meet our Net Zero by 2045 ambition.”
ADNOC pushed its net zero carbon emissions target forward in July by five years to 2045. This is as the United Arab Emirates prepares to host the United Nations COP28 climate conference in December. The incoming summit president is the Chief Executive of ADNOC, Sultan al-Jaber. The OPEC producer supplies nearly 3 per cent of global oil, a major source of greenhouse gases.