ADNOC greenlights Habshan carbon capture project
SUMMARY
The project will be built, operated and maintained by ADNOC Gas on behalf of ADNOC. [Image: ADNOC]
By Shardul SharmaState-owned ADNOC on September 6 announced a final investment decision (FID) to develop the Habshan project, one of the largest carbon capture projects in the Middle East and North Africa (MENA) region.
The Habshan carbon capture, utilisation and storage (CCUS) project will have the capacity to capture and permanently store 1.5mn tonnes/year of carbon dioxide (CO2) within geological formations deep underground.
The project, to be built, operated and maintained by ADNOC Gas on behalf of ADNOC, will include carbon capture units at the Habshan gas processing plant, pipeline infrastructure, and a network of wells for CO2 injection. The CO2 will be permanently stored in reservoirs deep in the sub-surface through the deployment of closed-loop CO2 capture and reinjection technology at the well site
The project is expected to be completed in 2025 and is also expected to attract investment from international partners, ADNOC said.
In a statement, ADNOC CEO Sultan Ahmed Al Jaber said: "The Habshan CCUS project is a major milestone in our journey to Net Zero by 2045. It is a clear demonstration of our commitment to reducing our emissions and playing a leading role in the fight against climate change.”
ADNOC said that the FID to develop the project fully aligns with its recently announced net zero by 2045 ambition and forms part of the company’s initial $15bn decarbonisation investment in low carbon solutions.
