Abu Dhabi: Abu Dhabi National Oil Company (ADNOC) and Santos have signed a strategic collaboration agreement (SCA). It aims for the potential development of a joint global carbon management platform that could support the decarbonization journey of customers throughout Asia-Pacific.
Additionally, the SCA provides for the companies to work together to advance critical carbon capture and storage (CCS) technologies that are necessary to accelerate the decarbonization of industry worldwide.
The parties will also explore the development of a carbon dioxide (CO2) shipping and transportation infrastructure network to enable heavy-emitting sectors to capture, ship, and permanently store CO2.
Mr. Musabbeh Al Kaabi, Executive Director, Low Carbon Solutions and International Growth, ADNOC, said that, “ADNOC continues to build on its pioneering role in safely capturing and permanently storing carbon dioxide as we accelerate toward net zero by 2045 and target CCS capacity of 10 million tonnes per annum (mmtpa) by 2030.”
“Through this partnership, ADNOC and Santos will work together aiming to scale-up the carbon management technologies of the future while leveraging our combined expertise and experience in safely transporting, capturing and storing carbon to help markets in the Asia-Pacific decarbonize,” Mr. Al Kaabi added.
ADNOC currently operates the Al Reyadah facility, which can process 800,000 tons of CO2 per year. The company recently announced one of the largest carbon capture projects in the Middle East and North Africa region at the Habshan facilities and a carbon capture project at its Hail and Ghasha offshore development.
This agreement follows ADNOC’s recent agreements to explore CCS and direct air capture (DAC) projects in the UAE and internationally and supports the company’s wider carbon management strategy. ADNOC is targeting a carbon capture capacity of 10 mtpa by 2030.