Sharjah National Oil Corporation (SNOC) has signed an initial agreement with Japan’s Sumitomo Corporation to explore a carbon-capture project in the emirate.
The companies will conduct a feasibility study covering the entire carbon-capture and storage value chain, including transport, storage, business models and assessment of regulatory aspects, SNOC said in a statement on Monday.
A carbon-capture and storage (CCS) hub would contribute “significantly” to the decarbonisation of the Northern Emirates, the state-owned company said.
“As part of the joint feasibility study, we will collaborate with industry leaders, environmental organisations and regulators with the aim of developing a viable project which adheres to the highest standards,” said Hatem Al Mosa, chief executive of SNOC.
“SNOC has committed to reach net zero on its own operations by 2032 and CCS has the potential to support this goal and beyond. The time to start is now."
SNOC, established in 2010, is tasked with exploration, production, engineering, construction, operation and maintenance of Sharjah's energy assets. In addition to the Mahani gasfield, which was discovered in 2020, SNOC owns and operates three onshore fields, a gas processing complex, two hydrocarbon liquid storage and export terminals and a network of flow lines and production pipelines.
Sumitomo Corporation has been seeking partnerships to advance CCS projects worldwide, while SNOC has been focusing on repurposing its mature gas reservoirs in Sharjah.
CCS involves the trapping of carbon dioxide emissions from industrial activities such as steel and cement production, as well as from fossil-fuel combustion in power generation.
Subsequently, the captured carbon is transported either by ship or through pipelines and securely stored in subsurface geological formations.
“We believe there is big potential for CCS in the Middle East, which is a key technology to materialise energy transition,” said Hajime Mori, managing director of Sumitomo Corporation Middle East.
In January, Adnoc began work on a project to inject captured carbon dioxide into a saline aquifer, a formation of porous rocks that contain brine.
The Abu Dhabi-based energy company has allocated $15 billion to invest in a range of projects by 2030, which will help it accelerate its low-carbon growth strategy.
Adnoc plans to invest in clean power, carbon capture and storage, further electrification of operations, energy efficiency and new measures to build on its policy of zero routine gas flaring.
Global carbon capture, utilisation and storage uptake needs to expand 120 times from current levels by 2050, rising to at least 4.2 gigatonnes per annum of carbon-dioxide captured, for countries to achieve their net-zero commitments, according to McKinsey & Co.
What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
Killing of Qassem Suleimani
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
