ADNOC aims to decarbonize its operations with a solar and nuclear energy supply agreement

Strong points

EWEC to supply clean energy to ADNOC from January

ADNOC crudes, jet fuel would decrease in carbon intensity

Position ADNOC to better compete on emissions

Abu Dhabi National Oil Co. aims to use nuclear and solar power to fully power its operations, announcing a supply agreement with Emirates Water and Electricity Co. for clean electricity.

Not registered?

Receive daily email alerts, subscriber notes and personalize your experience.

Register now

The deal, which foresees that up to 100% of ADNOC’s grid electricity will be supplied by nuclear and solar power from EWEC from January, makes ADNOC the first major oil and gas company in decarbonize its electricity on a large scale, the company said on Oct. 26. would bolster its claims to pump some of the world’s least carbon-intensive crudes.

In particular, ADNOC said its flagship crude Murban, with a futures contract traded on ICE Futures Abu Dhabi, will have an even lower carbon intensity once the clean electricity deal is implemented, making it more attractive to investors. refineries seeking to reduce their own carbon. footprints.

Murban is ADNOC’s largest crude by volume, with a production capacity of around 2 million b / d, out of a total company capacity of around 4 million b / d, and is produced at from 2,000 onshore wells.

ADNOC also said that aviation fuel made by its refineries will also be upgraded to one of the lower carbon Jet-A1 fuels.

“ADNOC is committed to responsibly meeting global energy needs by focusing on decarbonizing our operations, reducing our carbon intensity and strengthening our environmental stewardship and economic performance,” said the CEO Sultan al-Jaber, who is also UAE’s minister of industry and advanced technology, said in a statement.

The agreement will support ADNOC’s goal of reducing the intensity of its greenhouse gas emissions by 25% by 2030.

For EWEC, the deal will give it a long-term drawdown agreement that will allow it to continue investing in clean power generation, the companies said.

EWEC’s portfolio includes Noor Abu Dhabi, the world’s largest single-site solar power plant, with a generation capacity of around 1.2 GW. It is also developing the Al-Dhafra photovoltaic solar IPP project, which will overtake Noor Abu Dhabi as the largest solar power plant when completed.

EWEC is also supporting the integration of the 1.4 GW Barakah-1 nuclear power plant, which began commercial operation on April 6. Three other 1.4 GW reactors are planned at Barakah.

When fully operational, the four units will contribute up to 25% of the UAE’s power generation needs, replacing the natural gas the country now uses primarily for electricity.

Source link


About Author

Comments are closed.