The Abu Dhabi National Oil Company (ADNOC) and Santos, an Australian gas supplier, have inked a strategic collaboration agreement. This partnership charts a course for the potential development of a joint global carbon management platform. This collaboration sets the stage for significant advancements in carbon capture and storage (CCS) technologies.
A shared vision
The agreement signifies a partnership between two industry giants and outlines a clear pathway for the Asia Pacific region’s decarbonization journey. This collaboration aims to leverage the expertise of ADNOC and Santos to accelerate the development of innovative carbon management technologies.
At the heart of this collaboration is a shared commitment to advancing critical CCS technologies. The partnership between ADNOC and Santos is poised to play a pivotal role in accelerating the decarbonization of industries worldwide. With a focus on carbon capture and storage, the companies aim to contribute substantially by reducing carbon emissions.
Moreover, the collaboration envisions the establishment of a comprehensive carbon dioxide (CO2) shipping and transportation infrastructure network. This infrastructure will empower heavy-emitting sectors to capture, ship, and permanently store CO2, establishing a sustainable and circular carbon economy.
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A net zero commitment
Musabbeh Al Kaabi, ADNOC’s executive director of Low Carbon Solutions and International Growth, highlighted the company’s proactive role in carbon management. ADNOC currently operates the Al Reyadah facility which has an annual CO2 processing capacity of 800,000 tonnes. This facility aims to achieve net-zero emissions by 2045. Moreover, Kaabi emphasized ADNOC’s commitment to ramping up CCS capacity to 10 million tons per annum by 2030.
Meanwhile, Alan Stuart-Grant, Energy Solutions executive vice president at Santos, emphasized the importance of deploying CCS to meet climate objectives. The collaboration between Santos and ADNOC allows them to deliver low-cost CCS and low-carbon energy on a global scale. Stuart-Grant sees an enormous opportunity for Australia and the UAE to lead in regional decarbonization. That is by leveraging their natural competitive advantages in carbon storage and energy supply chains.
ADNOC is steadfast in its commitment to achieving a carbon capture capacity of 10 million tons per annum by 2030. This ambitious goal is equivalent to removing over 2 million internal combustion vehicles from the road. This commitment underscores the company’s dedication to shaping a sustainable and low-carbon future. The ADNOC-Santos partnership marks a defining moment in the global effort to combat climate change. It sets the stage for a transformative era in carbon management and decarbonization.
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