UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
ADNOC and Total sign framework agreement on emissions reduction and decarbonisation projects
The Abu Dhabi National Oil Company (ADNOC) has signed a strategic framework agreement with Total to explore partnership opportunities in the areas of CO2 emission reductions and carbon capture, use and storage (CCUS).
Commenting on the news, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, says: ‘The agreement builds on our sustainability goal to decrease greenhouse gas intensity by 25% by 2030, and reinforces ADNOC’s commitment to responsible oil and gas production as we deliver on our 2030 smart growth strategy.’
Under the terms of the agreement, ADNOC and Total will jointly explore opportunities to reduce CO2 emissions, improve energy efficiency and use renewable energy for oil and gas operations. In the area of CCUS, the companies will further develop joint research into new technologies covering carbon capture and storage solutions and enhanced oil recovery projects based on CO2 usage.
Patrick Pouyanné, Chairman & CEO of Total, says: ‘This is a perfect example of Total’s commitment to leverage its global presence and expertise to act towards its 2050 net zero ambition alongside its long-standing key partners.’
ADNOC has already established the Al Reyadah facility, the first commercial-scale CCUS facility in the Middle East. Currently, the facility has the capacity to capture 800,000 t/y of CO2. ADNOC plans to expand the capacity of its CCUS programme six-fold by capturing CO2 from its own gas plants, with the aim of reaching 5mn tonnes of CO2 every year by 2030 – the equivalent of the annual carbon capture capacity of over 5mn acres of forest.