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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
New blockchain-based low carbon energy certificates
9/11/2022
Abu Dhabi National Oil Company (ADNOC) and Siemens Energy have unveiled plans to pilot blockchain technology to certify the carbon intensity of a range of hydrocarbon products.
By using smart sensor data gathered from across ADNOC’s operational chain – from the oil well right to the customer – the pilot will show how much CO2 was used to make products such as Murban crude oil, ammonia, and aviation fuels. This information will be automatically recorded onto a decentralised blockchain ledger.
‘Such transparency will allow independent regulators to certify the carbon intensity of the products,’ claim the partners. ‘It will also give customers greater confidence and clarity over the carbon footprint of their purchases.’
Abdulmunim Saif Al Kindy, Executive Director, People, Technology & Corporate Support Directorate at ADNOC, adds: ‘People typically associate blockchain technology with crypto currencies, but the use of decentralised ledgers has significant implications for the energy industry. This pilot promises to shine a digital spotlight into our manufacturing processes. It will show the world why energy supplied by ADNOC is among the least carbon intensive in the oil and gas industry.’
The low carbon energy certificate initiative forms part of a broader innovation partnership between both companies to address the energy transition.
Other areas under joint development include electrification and ‘power-to-X’ technologies to produce green hydrogen and its derivatives, including synthetic CO2-derived products.
Dr Fahad Al Yafei, Chief Technology Officer, Siemens Energy Middle East, comments: ‘By leveraging our unique knowledge and expertise of certificates of sustainability, Siemens Energy will work with ADNOC to develop solutions for the benefit of the energy industry. Investing in innovation and the co-creation of technologies are vital tools for reducing emissions and meeting net zero targets.’
