Abu Dhabi National Oil Co. (ADNOC) signed an agreement with Australia-based Santos Ltd. for the potential development of a joint carbon management platform that could support decarbonization throughout Asia-Pacific, ADNOC said in a release Nov. 21. In January, ADNOC committed $15 billion to advance low-carbon solutions, new energies, and decarbonization efforts across its value chain. The operator aims to become net zero by 2045 and is targeting CCS capacity of 10 million tonnes/year (tpy) by 2030. ADNOC currently operates the Al Reyadah plant, which has the capacity to process 800,000 tpy of CO 2 . The agreement with Santos follows ADNOC’s recent agreements to explore CCS and direct air capture (DAC) projects in the UAE (OGJ Online, Aug. 1, 2023; Oct. 3, 2023).

Source: The North Africa Journal November 21, 2023 12:45 UTC