Adnoc eyes role as clean tech hub
Recent deals highlight state oil company’s ambitions to be a technology leader in CCS and low-carbon hydrogen
State-owned Adnoc signed a deal in early June to explore the potential domestic manufacture of electrolysers for the nascent local and international green hydrogen industries, three weeks after agreeing with US energy services firm Baker Hughes to perform local testing of various technologies under development for producing low-carbon variants of the fuel. Two months earlier, it launched a pilot project in the eastern emirate of Fujairah trialling an embryonic method of CCS. The two events are symptomatic of the aspirations of the Emirati giant and its government owner not only to decarbonise its own assets but also to make the UAE an international hub for clean energy development—an ambitio
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation