ADNOC Group has joined forces with Australia’s Santos to work together on carbon management and advance technology to expedite decarbonisation across the Asia-Pacific region.
The collaboration enables the two organizations to jointly progress crucial carbon capture and storage (CCS) technologies, essential for hastening the global decarbonisation of the oil industry, as stated by ADNOC.
Carbon Capture Collaboration: ADNOC and Santos Join Forces
ADNOC Group has entered into a partnership with Australia’s Santos to cooperate on carbon management and develop technology to expedite decarbonisation across the Asia-Pacific region.
The collaboration allows the two entities to jointly advance critical carbon capture and storage (CCS) technologies crucial for speeding up the global decarbonisation of the oil industry, according to a statement by ADNOC.
ADNOC and Santos will also explore the development of a carbon dioxide (CO2) shipping and transportation infrastructure network to facilitate the capture, shipping, and permanent storage of CO2 by heavy-emitting sectors, according to WAM.
Alan Stuart-Grant, Energy Solutions Executive Vice President at Santos, commented on the need for a large-scale rollout of CCS to meet climate objectives, stating that companies like Santos and ADNOC have the technology, infrastructure, and knowledge to deliver low-cost CCS and low-carbon energy on a global scale.
ADNOC’s Decarbonisation Strategy
The oil industry recognizes carbon capture as a crucial technology in combating climate change. ADNOC’s collaboration with Santos aligns with the state-owned energy firm’s recent agreements to explore CCS and direct air capture (DAC) projects both locally and internationally as part of its broader carbon management strategy.
ADNOC aims for a carbon capture capacity of 10 million tonnes per annum (mtpa) by 2030, equivalent to removing over 2 million internal combustion vehicles from the road. The company operates the Al Reyadah facility, capable of processing 800,000 tonnes of carbon dioxide annually.
With a final investment decision for the Habshan CCS project, one of the largest in the Middle East and North Africa, ADNOC’s committed investment for carbon capture capacity reaches almost 4 million tonnes per annum. The Habshan CCS project can capture and permanently store 1.5 mtpa of carbon dioxide underground.
ADNOC has collaborated with Occidental Petroleum to explore CCS investment opportunities in the UAE and the US, establishing a carbon management platform. Additionally, talks are underway with ExxonMobil for collaboration on low-carbon technologies and the global energy industry outlook.
Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at ADNOC, emphasized the company’s commitment to safely capturing and permanently storing carbon dioxide as part of its path to achieving net-zero emissions by 2045.
ADNOC recently allocated an initial $15 billion to expedite the implementation of key decarbonisation initiatives, including carbon capture and storage, electrification, energy efficiency, and nature-based solutions.
