Mitsubishi Heavy, Adnoc sign pact on low carbon solutions
SUMMARY
MHI will play a role as a technology solution provider, offering its expertise to support Adnoc in the decarbonisation of its oil and gas production sites.
By Shardul SharmaJapan's Mitsubishi Heavy Industries (MHI) and the Abu Dhabi National Oil Company (Adnoc) have signed an agreement to explore and capitalise on opportunities in the development of value chains for blue ammonia and blue hydrogen, MHI said on December 8.
The Japanese firm will play a role as a technology solution provider, offering its expertise to support Adnoc in the decarbonisation of its oil and gas production sites. The collaboration seeks to harness MHI's technological capabilities to accelerate the development of businesses focused on blue hydrogen and blue ammonia production.
Adnoc has initially allocated $15bn to advance and accelerate lower-carbon solutions, new energies and decarbonisation technologies as it reduces its carbon intensity by 25% by 2030 and works towards net zero by 2045.
The UAE-based firm is also targeting carbon dioxide capture capacity of 10mn tonnes/year by 2030. Adnoc is building a 1mn tonnes/year low-carbon ammonia production facility at the TA'ZIZ industrial ecosystem and chemicals hub in Ruwais, Abu Dhabi.
It has also expanded its energy partnerships across the hydrogen value chain and has shipped several demonstration cargoes of low-carbon ammonia to customers in Asia and Germany.
