This takes ADNOC’s committed carbon capture power to 4 mtpa.
Introduction
In a groundbreaking move, the Abu Dhabi National Oil Company (ADNOC) has awarded contracts valued at approximately $16.94 billion for a gas project committed to achieving net zero carbon dioxide emissions.
This ambitious undertaking, part of ADNOC’s Net Zero by 2045 initiative, represents a significant step toward responsible energy production and sustainability goals.
Pioneering Net Zero Emissions
ADNOC’s gas project is set to be the world’s first to operate with net-zero carbon dioxide emissions. This milestone aligns with ADNOC’s dedication to environmentally responsible energy production and its commitment to mitigating the impact of climate change.
The Ghasha Concession
The project forms part of the Ghasha Concession, a strategic initiative situated in Abu Dhabi. By the end of the decade, it is anticipated to produce over 1.5 billion standard cubic feet per day of gas, making a significant contribution to the region’s energy needs.
Heading 3: Economic Contribution Through ICV
Over 60 percent of the project’s total investment value will enrich the United Arab Emirates’ economy through ADNOC’s In-Country Value (ICV) program. This program emphasizes the importance of supporting local businesses and generating economic value within the country.
Conclusion
ADNOC’s commitment to achieving net zero carbon dioxide emissions in its gas project represents a remarkable advancement in the global energy sector.
As a pioneering initiative, it sets a precedent for environmentally responsible energy production while also driving economic growth through the In-Country Value program. This significant investment reaffirms ADNOC’s dedication to sustainability and responsible energy practices.
