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Abu Dhabi National Oil Company (ADNOC) and state renewables firm Masdar have signed a 51:49 joint venture agreement for developing commercial carbon capture and storage (CCS) projects. First off will be a CO₂ compression plant and 50km pipeline to inject up to 800,000 t/y recovered from the Emirates Steel plant into ADNOC oil fields. The plant and pipeline will be built by Dubai’s Dodsal under a Dh450mn ($123mn) engineering, procurement and construction (EPC) contract, for completion in 2016.
ADNOC views the project as phase one of an industrial scale CCS network in Abu Dhabi. ADNOC director-general ‘Abd Allah al-Suwaidi sees carbon capture and injection “increasing our oil and gas production, which can be sold internationally or used for domestic energy generation.” Masdar chief executive Sultan Ahmad al-Jabir sees the project as “pioneering the use of CCS technology in the region.” He hopes it will “serve as a proof of concept and encourage other hydrocarbon-rich nations to adopt similar technologies.” (CONTINUED - 159 WORDS)