ADNOC and Occidental collaborate on CCS and DAC
Strategic agreement includes evaluation of first megaton direct air capture project outside US
Abu Dhabi state energy company ADNOC and US energy firm Occidental have signed a strategic collaboration agreement to evaluate potential investment opportunities in CCS hubs and in direct air capture (DAC) projects in both countries. As part of the agreement, the two companies are looking at the development of DAC facilities in the UAE, including what could be the first megaton project constructed outside of the US. They will also assess the joint development of one or more carbon management hubs in the UAE, while ADNOC will explore participation in DAC and CO₂ sequestration hubs in the US that are under development by Occidental’s subsidiary, 1PointFive, including the Stratos DAC project in
Also in this section
23 October 2024
Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
10 October 2024
The Gulf Energy Information Excellence Awards 2024 celebrated the industry's top innovators at a gala in Houston, recognising achievements in categories ranging from digital transformation to sustainability
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters