DUBAI, July 31 (Xinhua) -- The largest oil company in the United Arab Emirates (UAE) is accelerating its target to reach net zero emissions by 2045 instead of 2050, reported the official news agency WAM.
According to the report, the state-owned Abu Dhabi National Oil Company (ADNOC) also plans to achieve zero methane emissions by 2030.
ADNOC's decarbonization plan includes a 3.8-billion-U.S. dollar project to connect its offshore operations to clean grid power and reduce its offshore carbon footprint by up to 50 percent. It also includes building a 1 million tonnes per annum low-carbon ammonia production facility to help its customers decarbonize.
Starting this year, ADNOC launched two pilot projects to capture and permanently store carbon dioxide (CO2) as part of its plan to expand its carbon capture capacity to 5 million tonnes annually by 2030.
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council, said these ambitious targets mark a new chapter in ADNOC's transformational journey to a lower carbon future.
Earlier this month, the UAE raised its emission reduction target from 31 percent to 40 percent by 2030, as the country prepares to host the 2023 UN Climate Change Conference from Nov. 30 to Dec. 12.
