38 C
Dubai
Monday, September 16, 2024
spot_img

ADNOC Gas Awards $615M MENA Carbon Capture Contract

ADNOC Gas plc has awarded a $615 million (AED2.26 billion) Engineering, Procurement, and Construction (EPC) contract to Petrofac Emirates for the construction of carbon capture units, pipeline infrastructure, and a network of wells for CO2 injection at the Habshan gas processing plant, as part of ADNOC’s accelerated decarbonization plan.

This Habshan Carbon Capture, Utilization, and Storage (CCUS) project is among the largest in the Middle East and North Africa (MENA) region, with the capability to capture and store 1.5 million tons per annum (mtpa) of CO2 deep underground.

ADNOC Gas will oversee the project’s development and operation, and it is expected to be commissioned in 2026, with CO2 permanently stored in ADNOC Onshore’s Bab Far North Field.

CCUS projects like Habshan are vital for achieving global climate goals, and over 65% of the contract value will contribute to the UAE’s economy through ADNOC’s In-Country Value (ICV) program, supporting local growth and diversification.

Building on ADNOC’s existing carbon capture facility, Al Reyadah, this project will triple ADNOC’s carbon capture capacity to 2.3 mtpa, equivalent to removing over 500,000 gasoline-powered cars from the road annually.

New Article

Related Articles

Abu Dhabi Powers the Future: Expanding Investments in Renewable Energy to Drive Carbon Neutrality

Abu Dhabi is making significant strides in advancing its renewable energy projects as part of the UAE’s broader efforts to achieve long-term sustainability goals.The...

Crown Prince of Abu Dhabi’s Historic Visit to India Set to Strengthen Bilateral Ties and Cooperation

Crown Prince of Abu Dhabi's historic visit to India is poised to significantly strengthen the long-standing relationship between the two nations.As the UAE and...

Sharjah Ruler Unveils Vision for New Sports City: A Bold Step Towards Enhancing Sports Infrastructure

Sharjah Ruler Designs New Sports City: The Ruler of Sharjah personally sketched the design for a new Sports City, highlighting his commitment to advancing...

Sharjah Department of Culture Unveils Dynamic Annual Program: Festivals, Forums, and Cultural Innovations Ahead

Sharjah Department of Culture has unveiled its extensive annual program for 2024, featuring a diverse array of festivals, cultural events, and permanent forums designed...

Brookfield and ADQ Poised for Game-Changing Grifols Takeover: A Strategic Power Play in the Pharmaceutical Industry

Brookfield Asset Management and Abu Dhabi's ADQ are reportedly in advanced talks to acquire a significant stake in Grifols,A leading Spanish pharmaceutical company known...

Latest Articles