Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, and chairman of the Abu Dhabi Executive Council, on Thursday reviewed the progress of Adnoc’s carbon management strategy and its ambition to double its carbon-capture capacity to 10 million tonnes of carbon dioxide a year by 2030.
He commended the progress Adnoc has made this year in delivering tangible actions towards its accelerated net-zero-by-2045 plan, while chairing the meeting of the executive committee of Adnoc's board of directors, the Abu Dhabi Media Office said.
This includes the use of solar and nuclear energy to power operations, scaling up carbon-capture capacity, driving down methane emissions and investing in renewable energy and hydrogen as a shareholder in Masdar.
While directing the company to explore further opportunities for international growth, Sheikh Khaled highlighted Adnoc’s role as a catalyst for responsible growth and diversification of the UAE’s economy, the media office said in a statement.
He also gave directives to ensure sustainability remains central to the state oil company’s strategy to future proof its business while driving growth across its value chain.
Adnoc, responsible for most of the UAE’s oil and gas output, has been investing heavily in the production of natural gas and hydrogen as the Arab country looks to reach net-zero emissions by 2050.
The state-owned 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.
Earlier this month, Adnoc announced one of the largest carbon capture projects in the Mena region. It will trap 1.5 million tonnes per year of climate-heating carbon dioxide from the Habshan gas processing plant, and store it safely and permanently underground.
Carbon capture, utilisation and storage (CCUS) 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 subterranean geological formations.
During Thursday's meeting, Sheikh Khaled was briefed on the progress of Adnoc's Decarbonisation Technology Challenge, a $1 million global competition for companies that specialise in energy transition technology innovation that was launched in May this year.
Launched at the UAE Climate Tech Forum in Abu Dhabi, the challenge brought together 1,500 technology leaders and pioneers in climate technology in the emirate.
It also attracted 650 applications from global companies for the opportunity to pilot decarbonisation technology in Adnoc's operations, the statement said.
The meeting was attended by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, managing director and group chief executive of Adnoc, and Cop28 President-designate; Ahmed Al Sayegh, Minister of State; Khaldoon Al Mubarak, group chief executive and managing director of Mubadala Investment Company; and Jassem Al Zaabi, chairman of the Abu Dhabi Department of Finance.
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Global state-owned investor ranking by size
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United States
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2.
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China
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UAE
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Japan
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5
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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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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
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Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
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Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
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GAC GS8 Specs
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Price: From Dh149,900
UAE currency: the story behind the money in your pockets
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What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
