By Sam Bridge
Abu Dhabi National Oil Company has announced a set of sustainability goals, reinforcing its commitment to environmental stewardship
Abu Dhabi National Oil Company (ADNOC) has announced a set of sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its commitment to environmental stewardship.
The announcement was made by Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.
As part of its sustainability goals, ADNOC said it plans to decrease its greenhouse gas emissions intensity by 25 percent by 2030.
According to the International Association of Oil & Gas Producers (IOGP), ADNOC currently ranks in the top five lowest emitters in the oil and gas industry and has one of the lowest methane intensities of 0.01 percent.
ADNOC also committed to limit its freshwater consumption ratio to below 0.5 percent of total water use. Today, over 99 percent of the water ADNOC uses for cooling purposes is extracted seawater.
In addition, ADNOC said it will continue to protect and support biodiversity across its operations and the broader local environment. As part of this commitment, ADNOC plans to plant 10 million mangrove seedlings in Al Dhafra Region in the emirate of Abu Dhabi by the end of 2022.
Mangroves have enormous capacity to absorb atmospheric carbon dioxide and other greenhouse gases, trapping them in flooded soils. Mangroves also support rich biodiversity and provide habitat for marine life, and act as a valuable natural defense against rising sea levels and coastal erosion.
Over the same period, ADNOC plans to achieve in-country value of 50 percent across its full value chain by 2030.
To date, this program has driven more than AED44 billion ($12 billion) back into the UAE economy and created over 1,500 private-sector jobs for UAE nationals since it was launched in January 2018.
Al Jaber said: “ADNOC’s sustainability goals further demonstrate our commitment to responsible production which has been embedded in our business practices since the company was established in 1971.
“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.
"ADNOC will continue to work in partnership with key stakeholders to prioritize sustainability and we will continue to make significant investment in new and innovative technologies to improve environmental performance.”
To enable its goal to reduce its greenhouse gases by 25 percent, ADNOC said it is building on the success of the region’s first commercial-scale carbon capture, utilisation and storage (CCUS) facility.
Currently, Al Reyadah facility has the capacity to capture 800,000 tonnes of CO2 annually. ADNOC plans to expand the capacity of this program six-fold, with the aim of reaching 5 million tonnes of CO2 every year by 2030.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.