Dubai PR Network, Online Press Release from Dubai and Middle East
 
Oil & Gas(Energy and Industry)
Filter PR by
  

ADNOC Gas Awards $615m Contract for One of MENA's Largest Integrated Carbon Capture Projects

 
  • Company awards EPC contract for carbon capture units at the Habshan gas processing plant, part of ADNOC’s wider carbon management strategy
  • Project to capture and permanently store up to 1.5 million tons of carbon dioxide per annum as ADNOC builds unique platform to connect sources of emissions and sequestration sites
  • Over 65% of the contract value to flow back into the UAE’s economy through ADNOC’s ICV program

Abu Dhabi, UAE – October 3, 2023: ADNOC Gas plc (“ADNOC Gas” or the “Company”) (ADX symbol: “ADNOCGAS” / ISIN: “AEE01195A234”), a large-scale integrated gas processing company, announced today it has awarded a $615 million (AED2.26 billion) Engineering, Procurement and Construction (EPC) contract to Petrofac Emirates for constructing carbon capture units, pipeline infrastructure and a network of wells for carbon dioxide (CO2) injection at the Habshan gas processing plant, as part of ADNOC’s accelerated decarbonization plan.

The Habshan Carbon Capture, Utilization and Storage (CCUS) project is one of the largest carbon capture projects in the Middle East and North Africa (MENA) region and will have the capacity to capture and permanently store 1.5 million tons per annum (mtpa) of CO2 within geological structures deep underground, as ADNOC builds unique platform to connect sources of emissions and sequestration sites. ADNOC Gas will be responsible for building, operating and maintaining the project on behalf of ADNOC.

Ahmed Mohamed Alebri, Chief Executive Officer of ADNOC Gas, said: “Integrated carbon capture projects, such as the Habshan CCUS project, are essential building blocks for ADNOC Gas to achieve its decarbonization goals. This project represents our commitment to significantly reduce greenhouse gas emissions while unlocking new and attractive commercial opportunities for delivering sustainable, lower-carbon growth for the Company. This large scale project reaffirms our steadfast commitment to maximizing energy output while minimizing our emissions, steering us toward a more sustainable and environmentally responsible future.”

CCUS projects are recognized by both the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) as a critical decarbonization enabler in achieving global climate goals. 

Over 65% of the contract value will flow back into the UAE’s economy through ADNOC’s In Country Value (ICV) program, supporting local economic and industrial growth and diversification. The Habshan CCUS project is expected to be comissioned in 2026. CO2 will be injected and placed for permanent storage in ADNOC Onshore’s Bab Far North Field, located approximately 150 miles southwest of Abu Dhabi. 

Building on ADNOC’s landmark carbon capture facility, Al Reyadah, which has the capacity to capture up to 800,000 tons of CO2 per year, the Habshan CCUS project could support enhanced oil recovery of low carbon-intensity barrels and the production of low-carbon feedstocks such as hydrogen, to help customers decarbonize their operations. Using best-in class technology, the Habshan CCUS project will triple ADNOC’s carbon capture capacity to 2.3 mtpa, equivalent to removing over 500,0001 gasoline-powered cars from the road per year.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 8454 times
PR Category : Energy and Industry
Posted on : Tuesday, October 3, 2023  12:30:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ADNOC Gas Signs $500-700 Million LNG Supply Agreement with J...
Next Story : Adnoc Distribution Board Approves $350 Million (Aed1.285 Bil...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
World's First Sheglam Store in the Middle East [23132-Views]
Dubai Jewellery Group Dazzles with Unprecedented Offers at the Dubai Shopping Festival [9623-Views]
QNET's Swiss Luxury Brand Bernhard H Mayer Unveils New Jewellery Collection [6039-Views]
Dubai's Charitable Preloved Clothes Chain Thrift For Good Pledges 100% of Profits To Emerg... [4428-Views]
Record-Breaker Max Verstappen and Other Historic F1 Moments from 2023 Season [4088-Views]
Dubai Airports Celebrates UAE 52nd Union Day and Embraces the Year of Sustainability [3907-Views]
Delight in unforgettable Festive Season at Grand Millennium Al Wahda in the Centre of Abu... [3825-Views]
Emirates Group receives Platinum Impact Seal in UAE Year of Sustainability from the Nation... [3743-Views]
Air France-KLM and Etihad Airways Announce Frequent Flyer Partnership [3686-Views]
Malabar Gold & Diamonds Expands into Canada; Launches 335th Global Showroom [3501-Views]
Dubai Free Zones Council Enhances the Attraction of National Talent and Streamlining the I... [3428-Views]
Fouquet's Dubai Launches “Pardon My Brunch” [3411-Views]
Redefining Excellence: India International School, Sharjah, Leaves a mark in History with ... [3362-Views]
Etihad Airways Celebrates 20th Anniversary with Iconic Fly-past at Formula 1 Etihad Airwa... [3325-Views]
Summary of Weekly Real Estate Transactions for the Week Ending 24 November 2023 [3268-Views]
Panasonic Highlights Innovation and R&D Fundamental to Electrical Wiring Devices Superiori... [3227-Views]
Hamdan bin Mohamed bin Zayed presents Trophy to Formula 1 Etihad Airways Abu Dhabi Grand P... [3218-Views]
BlackBerry Quarterly Global Threat Intelligence Report Shows 70 Percent Increase in Novel ... [3177-Views]
Theyab Bin Mohamed Bin Zayed Witnesses Signing of Strategic Partnership between Etihad Rai... [3132-Views]
Hamdan bin Mohammed leads Dubai Run as 226,000 People take part in World's Largest Communi... [3128-Views]
Danube Home Announces the Mad Red Sale – The Biggest Loot of the Year! [3095-Views]
Mohammed Bin Rashid Library Hosts Emirates Youth Symphony Orchestra on 27 November [3075-Views]
Food Consumption in the GCC to Grow at a Steady Pace, says Alpen Capital [3009-Views]
Zero-Emission Vehicle Innovator Wisdom Motor Brings the GCC's First 12-Meter Hydrogen City... [3001-Views]
Revolutionizing Crop Growth: Tadweer Signs $2.5m Milestone Agreement with Aquagrain to Dep... [2964-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories