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Jan 9, 2024

ADNOC makes strategic investment in Storegga, broadening carbon management portfolio

ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects. 

ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) announced the signing of a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low carbon energy technologies.

ADNOC and Santos sign strategic collaboration agreement to work towards the establishment of a global carbon management platform. The agreement focuses on potential collaboration on carbon capture technologies, global CCS projects and solutions.

ADNOC and Occidental announced, an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States.

ADNOC and Fertiglobe announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100% owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex, Abu Dhabi, UAE.

ADNOC has announced a final investment decision to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region.

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