The Abu Dhabi National Oil Company (ADNOC) has entered into a strategic framework agreement with Total, a multinational Petroleum refining company to jointly research, develop and deploy opportunities in CO2 emission reductions and carbon capture, utilization and storage (CCUS).
Under this new deal, ADNOC and Total will employ cutting edge technologies in lowering carbon emission and thus widen the long-standing partnership between the two leading energy producers across the full value chain.
The agreement was signed by the Minister of Industry and Advanced Technology and ADNOC Group CEO Dr. Sultan Ahmed Al Jaber and Patrick Pouyanné, Chief Executive Officer of Total.
The partnership will offer ADNOC and Total the opportunity to discover new opportunities to decrease CO2 emission, enhance energy efficiency and rely on renewable energy for oil and gas operations.
In the area of CCUS both the companies will conduct joint research to bring innovative technologies for carbon capture, storage solutions and enhanced oil recovery projects based on CO2 usage.
“We are pleased to strengthen our partnership and alliance with Total as we work towards a low carbon future. The agreement builds on our sustainability goal to decrease greenhouse gas (GHG) intensity by 25 percent by 2030 and reinforces ADNOC’s commitment to responsible oil and gas production as we deliver on our 2030 smart growth strategy.”
The partnership will benefit ADNOC’s CCUS program which the company established in its Al Reyadah facility, the first in a commercial-scale space in the Middle East.
Currently, the provision can capture 800,000 tones of CO2 annually and ADNOC plans to increase this by six-fold, with a target to reach 5 million tones every year by 2030 which is equivalent to the annual carbon capture capacity of over 5 million acres of forest.
Commenting on the deal Pouyanné stated that, “this initiative will allow the two companies to join forces in several domains such as the reduction of carbon emissions on industrial sites, improvement of the energy efficiency in operations and the development of innovative solutions and business models towards the CCUS chain. This is a perfect example of Total’s commitment to leverage its global presence and expertise to act towards its 2050 net-zero ambition alongside its long-standing key partners.”
Currently, Total associates with ADNOC in the full value chain ranging from offshore and onshore exploration, development and production of oil and gas, to gas processing and liquefaction, product marketing, research and development and National Talent development.