Arab Today, arab today adnoc masdar sign deal on ccus projects
Last Updated : GMT 06:33:06
Arab Today, arab today
Arab Today, arab today

ADNOC, Masdar sign deal on CCUS projects

Arab Today, arab today

Arab Today, arab today ADNOC, Masdar sign deal on CCUS projects

Abu Dhabi - WAM

Abu Dhabi National Oil Company (Adnoc) and Masdar on Sunday signed a joint venture agreement for carbon capture, usage and storage (CCUS) in the presence of Sheikh Hazza bin Zayed Al Nahyan, National Security Advisor, and Vice Chairman of Abu Dhabi Executive Council. The joint venture agreement was signed at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec). The joint venture's first CCUS project consists of three core components. First, CO2 will be captured onsite at Emirates Steel, the UAE's largest steelmaker's facility. Second, the CO2 will be compressed and transported along the 50-km pipeline to oil fields operated by Adnoc. Third, Adnoc will inject the CO2 into oil fields to enhance oil recovery, while storing the injected CO2 underground. The project will sequester up to 800,000 tonnes of CO2 annually. Completion is set for 2016. Commenting on the deal Dr. Sultan Ahmad Al Jaber, CEO of Masdar said, "The implementation of this technology is a demonstration of Masdar and Adnoc's commitment to decarbonising the UAE's growing economy." "We are proud to be pioneering the use of CCUS technology in the region, a critical strategy to reduce global carbon emissions," added Dr. Al Jaber. "We hope this project will serve as a proof of concept and encourage other hydrocarbon-rich nations to adopt similar technologies to reduce their carbon emissions." Abdullah Nasser Al Suwaidi, Director General of Adnoc said, "The UAE is a responsible hydrocarbon producer. We believe CCUS has tremendous potential to both reduce our carbon footprint and enhance our oil and gas production. We are committed to finding and adopting real-world solutions that have economic and environmental returns." "Adnoc has always been a pioneer. We have a tradition of applying cutting-edge, proven technologies to ensure sustainable supplies of hydrocarbons to local and international markets. By capturing, using and storing the CO2, we not only cut down on emissions, but add opportunities for increasing our oil and gas production, which can be sold internationally or used for domestic energy generation," he added. The joint venture is the first phase of an industrial-scale CCUS network planned as part of Abu Dhabi's commitment to decarbonise its economy and create a low-carbon power generation industry. It will also collaborate with Adnoc's Petroleum Institute and Masdar's Institute of Science and Technology in developing leading edge technologies to optimise CO2 management in Abu Dhabi. "CCUS presents a viable technology for energy-intensive industries to lower their carbon footprint," said Engineer Saeed G. Al Romaithi, CEO of Emirates Steel. "By capturing and eventually storing our CO2 stream, Emirates Steel sets an example of supporting Abu Dhabi's sustainability objectives through operating environmental friendly heavy industries within the emirate of Abu Dhabi." Carbon capture solutions are often cited as a critical strategy for climate change mitigation. According to the International Energy Agency (IEA), up to 20 per cent of global CO2 emissions will need to be mitigated by carbon, capture and storage projects in the power and industrial sectors by 2050.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adnoc masdar sign deal on ccus projects Arab Today, arab today adnoc masdar sign deal on ccus projects

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday