Khaled bin Mohamed chairs meeting of Executive CMTE of ADNOC BoD

During the meeting at ADNOC’s headquarters, Sheikh Khaled bin Mohamed reviewed the progress of ADNOC’s carbon management strategy and its ambition to double its carbon capture capacity to 10 million tonnes per annum (mtpa) of carbon dioxide (CO2) by 2030. ADNOC’s carbon management strategy aims to create a unique platform that connects all the sources of emissions and sequestration sites to accelerate the delivery of ADNOC and the UAE’s decarbonisation goals. As part of this strategy, ADNOC recently announced the final investment decision (FID) to develop its pioneering 1.5 mtpa Habshan carbon capture, utilisation and storage (CCUS) project.

Sheikh Khaled commended the notable progress ADNOC has made this year in delivering tangible actions towards its accelerated net zero by 2045 plan. This includes the use of solar and nuclear energy to power its operations, scaling up carbon capture capacity, driving down methane emissions, and investing in renewable energy and hydrogen as a shareholder in Masdar.

He highlighted ADNOC’s leading role, during the UAE Year of Sustainability, as a catalyst for responsible growth and diversification of the nation’s economy and gave directives to ensure sustainability remains central to ADNOC’s strategy to future-proof its business while driving growth across its value chain. He directed the company to explore further opportunities for international growth.

Sheikh Khaled bin Mohamed was briefed on the progress of the Challenge which attracted 650 applications from global companies for the opportunity to pilot decarbonisation technology in ADNOC’s operations. The Challenge builds on several innovative, technology-driven pilot projects which ADNOC is already implementing, including CO2 mineralisation and full carbon sequestration in saline aquifers in Abu Dhabi.