- ADNOC announced on Wednesday that it has made a final investment decision to proceed with the Habshan carbon capture project. The project, focused on carbon capture, utilization, and storage, is set to have the capacity to capture and permanently store 1.5 million tons of carbon dioxide annually, as per ADNOC's official statement.
- In a move to expedite its efforts to address climate change, ADNOC had previously accelerated its target for achieving net-zero carbon emissions, now aiming to reach this goal by 2045. This decision comes ahead of the UAE's hosting of a significant UN climate COP 28 conference scheduled for December. The implementation of the Habshan project will notably triple ADNOC's carbon capture capacity to 2.3 million tons per year. It is noteworthy that the project will be constructed, operated, and maintained by ADNOC Gas on behalf of ADNOC.
Why it matters
Musabbeh Al-Kaabi, ADNOC's executive director of low carbon solutions and international growth, emphasized the project's significance, stating, "This landmark project is one of many tangible initiatives that ADNOC is delivering as we accelerate our decarbonization plan to meet our net zero by 2045 ambition." The project encompasses various components, including carbon capture units at the Habshan gas processing facility, associated pipeline infrastructure, and a network of wells designed for carbon dioxide injection.