Abu Dhabi National Oil Company (ADNOC) has reached a final investment decision to construct the Habshan carbon capture project in the Middle East and North Africa region, the company announced on Wednesday.
The Habshan carbon capture, utilization and storage project will have the capacity to capture and permanently store 1.5 million tonnes of carbon per year within geological formations deep underground.
The project will triple the ADNOC’s total carbon capture capacity to 2.3 million metric tons per year, equivalent to removing over 500,000 gasoline-powered cars from the road per year.
‘This landmark project is one of many tangible initiatives that ADNOC is delivering as we accelerate our decarbonization plan to meet our Net Zero by 2045 ambition,’ ADNOC Executive Director of Low Carbon Solutions and International Growth, Musabbeh Al Kaabi, said in a statement.
‘As ADNOC continues its transformation towards a lower carbon future, it is our intention to make further investments to significantly reduce our emissions, including in carbon capture and storage, and push the boundaries of innovation and technology with our partners to build on our world-leading legacy and industry leadership in carbon management,’ he added.
The company is decarbonizing its operations while also investing in renewables and low-carbon fuels, building a global hydrogen value chain, deploying innovative climate technology solutions, and advancing nature-based solutions such as planting mangroves in the UAE.
In 2016, ADNOC opened its first carbon capture, transportation and storage facility at Al Reyadah in Abu Dhabi. The facility has the capacity to process up to 800,000 tons of captured carbon per year.
