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Adnoc to reduce emissions intensity by 25% by 2030

GO NET ZERO ENERGY

Adnoc to reduce emissions intensity by 25% by 2030

Abu Dhabi National Oil Company plans 25% greenhouse emissions intensity reduction by 2030 as it adopts new sustainability goals to become a low-carbon intensive energy company, The National reports.

The state-owned firm is currently one of the top five lowest greenhouse gas emitters in the oil and gas industry and has one of the lowest methane intensities in the world of 0.01 percent.

We are taking a comprehensive and holistic approach to our sustainability strategy in terms of our contribution to the economy, the environment and our most important asset, our people

Dr Sultan Al Jaber, Adnoc group chief executive and Minister of State

The UAE accounts for around 4 percent of global oil production, much of it from fields owned and operated by Adnoc which has a daily output of about 3 million barrels of oil and 10.5 billion cubic feet of natural gas. As part of its adoption of sustainability goals, Adnoc also plans to limit its freshwater consumption ratio to below 0.5 percent of total water use.

Over 99 percent of water consumed by Adnoc is extracted seawater that is discharged back to the sea after treatment. The company also plans to plant 10 million mangrove seedlings in the Al Dhafra region of Abu Dhabi by the end of 2022. Mangroves are a natural defense against flooding and provide a rich habitat for marine life, besides their role in reducing carbon dioxide emissions.

The company also plans to scale up its carbon capture, utilization, and storage program, from 800,000 tonnes of captured CO2 annually to 5 million tonnes by 2030.

Harvesting carbon dioxide to be used as agent in the fields has become popular among upstream operators looking for more sustainable ways to coax more production out of maturing fields.

Total spend on the ICV program, which incentivizes local manufacturing for the oil and gas sector, reached Dh44bn to date, the firm said.

The ICV program has also led to the creation of 1,500 private-sector jobs for UAE nationals since it was launched in January 2018.

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