UAE Oil Firm Pledges 25% Cut in GHGs
The Abu Dhabi National Oil Co (Adnoc) has pledged to cut its greenhouse gas intensity by 25% by 2030, it said on January 13, outlining its new sustainability goals.
“We are strengthening our environmental performance as we expand our operations to ensure we can deliver more energy with fewer emissions for decades to come,” its CEO Sultan al-Jaber explained in a statement.
Adnoc said it would expand its carbon capture, utilisation and storage facility in Al Reyadah – the region’s first – in order to achieve its 25% reduction target. The plant can capture 800,000 mt/yr of CO2, but Adnoc wants to raise its capacity to 5mn mt by 2030.