Abu Dhabi National Oil Co. (ADNOC) plans to invest $15 billion to advance low-carbon solutions, new energies, and decarbonization efforts across its value chain by 2030.
Projects will include investments in clean power, carbon capture and storage (CCS), further electrification of operations, energy efficiency, and new measures to build on the operator’s policy of zero routine gas flaring, the company said in a release Jan. 5.
Building on ADNOC’s 800,000 tonnes/year (tpy) Al Reyadah CCUS plant, ADNOC plans to provide details later in the year about technologies to capture, store, and absorb CO2 via the UAE’s geological properties while preparing for its next investment to capture emissions from its Habshan gas processing plant. ADNOC has noted plans to expand its carbon capture capacity to 5 million tpy by 2030.
CCS expansion is expected to support the scale-up of hydrogen and lower-carbon ammonia production capabilities in Abu Dhabi as ADNOC advances a 1 million tpy blue ammonia production plant at TA’ZIZ. To-date, the company has delivered test cargoes of low-carbon ammonia to Europe and Asia.
Expansion of the company’s new energy portfolio will largely be delivered through its stake in Masdar. The UAE clean energy company plans to increase its clean energy capacity to 100 Gw by 2030 from current capacity of just over 20 Gw.
Since January 2022, ADNOC has received 100% of its grid power supply from Emirates Water and Electricity Co.’s nuclear and solar energy sources. It also closed a $3.8 billion deal to build a first-of-its-kind, subsea transmission network in the MENA region, connecting ADNOC’s offshore operations to the onshore power network, with the potential to reduce ADNOC’s offshore carbon footprint by up to 50%.
