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ADNOC activates $15bn decarbonization with CO2 injection project
Abu Dhabi National Oil Company (ADNOC) has launched the country’s plan to deliver on its Net Zero by 2050 ambition.
ADNOC said it has started a CO2 injection well for full capture and sequestration of CO2 into Abu Dhabi’s carbonate saline aquifer.
The project is part of ADNOC’s $15 billion multi-year action
The company declared that it is working to decarbonize its operations and support goals to reduce operations carbon intensity by 25% by 2030.
Sources have it that the project is expected to begin injecting CO2 before June as the company begins to decarbonize its operations, reduce its carbon intensity by 25% by 2030 and deliver on its Net Zero by 2050 ambition.
Upstream Executive Director at ADNOC, Yaser Saeed Almazrouei, said: “Carbon capture and storage will play an important role in reducing emissions and achieving global climate goals, and ADNOC is building on its leadership position in this area as we continue to drive decarbonization across our operations. At Al Reyadah, ADNOC deployed the region’s first carbon capture project at scale and we are taking another tangible step to deliver on our $15 billion decarbonization action plan with the world’s first fully sequestered CO2 injection well.
“We will continue working to make today’s energy cleaner while investing in the clean energies and technologies of tomorrow to future-proof our business. In doing so, we will enable a lower-carbon future and remain a reliable and responsible energy provider to customers and markets around the world.”
This innovative project will support ADNOC’s carbon capture and storage program, which is part of the suite of new projects and initiatives the company is advancing following the guidance by ADNOC’s Board of Directors to accelerate delivery of its low-carbon growth strategy and the allocation of $15 billion (AED55 billion) to decarbonize its operations. Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of CO2 captured from Fertiglobe’s UAE operations for injection in Abu Dhabi’s onshore carbonate aquifers, supporting ADNOC’s ongoing efforts to safely capture and store CO2 from its operations.
The CO2 injection well project builds on ADNOC’s experience with its carbon capture facility at Al Reyadah, which has the capacity to capture up to 800,000 tons of CO2 per year. The well location for CO2 injection and targeted geological formations were identified using the results of ADNOC’s extensive 3D seismic survey and the company’s state-of-the-art subsurface modeling capacity.
The project will contribute to the production of lower-carbon ammonia, an effective and cost competitive hydrogen carrier that can be scaled up quickly and has lower-carbon intensity than other fuels. The project will also be monitored and assessed, using advanced technology at ADNOC’s Thamama Digital Centre of Excellence, to ensure the highest levels of environmental safety as the company expands its carbon capture activities to capture 5 million tons per annum by 2030.
The project is the latest in a series of decarbonization initiatives, including a landmark agreement for ADNOC to acquire 100% of its grid power from the Emirates Water and Electricity Company’s (EWEC) nuclear and solar sources, making the company the first major oil and gas company to decarbonize its power at scale though an agreement of this kind. Additionally, ADNOC recently reached financial close on a $3.8 billion deal to build a MENA first-of-its-kind sub-sea transmission network, connecting ADNOC’s offshore operations to TAQA’s clean onshore power network which once complete, could reduce offshore carbon intensity by up to 50%.
