Abu Dhabi National Oil Company (Adnoc) has revealed that it is planning to cut carbon emissions by 25 percent by 2030.
Adnoc is already among the top five lowest greenhouse gas emitters in the oil and gas industry with methane emissions as low as 0.01 percent.
Dr Sultan Al Jaber, Adnoc group chief executive and Minister of State told the media, “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. 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.”
He further revealed that Adnoc will continue to work in partnerships to prioritise sustainability and will continue to make investments in new and innovative technologies to improve environmental performance.
Besides announcing its plan to reduce greenhouse gas emissions, Adnoc also announced a range of other green initiatives such as limiting its freshwater consumption ratio below 0.5 percent of total water use and achieving an in-country value (ICV) of 50 percent across its full value chain by 2050.
Adnoc’s shipping unit, Adnoc Logistics and Services also announced that it will carry out tests to use biofuel in its vessels to cut sulphur emissions and comply with the 2020 sulphur cap.
According to local media reports, the company is exploring other alternatives such as LNG, LPG and blended biofuel to reduce fuel consumption as well as cut emissions.
Last month, Adnoc also signed an agreement with Italy’s ENI to explore collaboration on carbon capture, utilisation and storage as a part of its goal to cut emissions.