Abu Dhabi, UAE – August 14, 2023: ADNOC and the National Central Cooling Company PJSC (Tabreed), today announced a breakthrough in the first project in the gulf region to harness geothermal energy following the conclusion of testing on two geothermal wells at Masdar City in Abu Dhabi. The landmark project is set to decarbonize the cooling of buildings in Masdar City, further diversify the UAE’s energy mix and support the UAE National Energy Strategy 2050, which aims to grow renewable energy capacity to 14 GW by 2030. The project is enabled by ADNOC’s initial $15 billion allocation towards low carbon solutions and will support its decarbonization plan and net zero by 2045 ambition as well as the Abu Dhabi Climate Change Strategy and UAE Net Zero by 2050 Strategic Initiative. The wells produced hot water at temperatures exceeding 90 degrees celsius (oC) and flow rates of approximately 100 liters per second. The hot water generated by the heat from the wells will now pass through an absorption cooling system to produce chilled water, which will then be supplied to Tabreed’s district cooling network at Masdar City, accounting for 10% of its cooling needs. Musabbeh Al Kaabi, ADNOC Executive Director for Low Carbon Solutions and International Growth, said: “Across ADNOC, we are developing and deploying innovative climate technologies and low carbon solutions to deliver on our accelerated decarbonization plan and net zero by 2045 ambition. Geothermal heat is a clean and renewable source of energy abundantly available in the UAE and capable of providing baseload electricity. However, until now, it has remained an untapped source of energy. By leveraging technological advances, for the first time ADNOC and Tabreed have unlocked this clean energy source to decarbonize one of the most energy intensive sectors in the country.” Currently, the cooling of buildings accounts for the majority of the UAE’s electricity consumption. District cooling offers a sustainable alternative to traditional cooling methods as it is around 50% more energy efficient in its standard operations. Leveraging geothermal heat for district cooling operations has the potential to significantly reduce electricity demand for cooling from the grid, helping to decarbonize one of the most energy intensive sectors in the region. Khalid Al Marzooqi, CEO, Tabreed, said: “The integration of geothermal energy with district cooling operations represents a significant advancement in the UAE's journey towards diversifying its energy mix and achieving net zero by 2050. We are proud of our collaboration with ADNOC to accelerate our decarbonization efforts in the leadup to COP28, which also underscores our commitment to exploring the latest technologies and harnessing the power of renewables to meet the rising demand for sustainable cooling.” ADNOC is pioneering the development of geothermal energy in the UAE, which can provide a supply of clean baseload energy for electricity generation. Building on the success of the project, ADNOC is also working with several companies to maximize the contribution of geothermal energy in the UAE using the latest drilling and power generation technologies.

Abu Dhabi, UAE – September 6, 2023: ADNOC has announced a final investment decision (FID) to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The pioneering Habshan carbon capture, utilization and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million tonnes per annum (mtpa) of carbon dioxide (CO2) within geological formations deep underground. Today’s announcement is part of ADNOC’s wider carbon management strategy, which aims to create a unique platform that connects all the sources of emissions and sequestration sites to accelerate the delivery of ADNOC and the UAE’s decarbonization goals. As part of this strategy, the company is implementing several innovative, technology driven pilot projects, including CO2 mineralization and full carbon sequestration in saline aquifers. Using best-in-class technology, the project will triple ADNOC’s carbon capture capacity to 2.3 mtpa, equivalent to removing over 500,000 gasoline-powered cars from the road per year. The project, to be built, operated and maintained by ADNOC Gas on behalf of ADNOC, will include carbon capture units at the Habshan gas processing plant, pipeline infrastructure, and a network of wells for CO2 injection. As part of ADNOC’s ongoing decarbonization efforts, CO2 will be permanently stored in reservoirs deep in the sub-surface through the deployment of closed-loop CO2 capture and reinjection technology at the well site. The FID to develop the project fully aligns with ADNOC’s recently announced Net Zero by 2045 ambition and forms part of the company’s initial $15 billion (AED55 billion) decarbonization investment in low carbon solutions. Musabbeh Al Kaabi, ADNOC Executive Director of Low Carbon Solutions and International Growth, said: “The Intergovernmental Panel on Climate Change has stated that carbon capture and storage is a critical enabler for the world to achieve net zero by mid-century. This landmark project, is one of many tangible initiatives that ADNOC is delivering as we accelerate our decarbonization plan to meet our Net Zero by 2045 ambition. “As ADNOC continues its transformation towards a lower carbon future, it is our intention to make further investments to significantly reduce our emissions, including in carbon capture and storage, and push the boundaries of innovation and technology with our partners, to build on our world-leading legacy and industry leadership in carbon management.” ADNOC has placed sustainability at the heart of its long-term strategy. The company is decarbonizing its operations while also investing in renewables and low carbon fuels, building a global hydrogen value chain, deploying innovative climate technology solutions, and advancing nature-based solutions such as planting mangroves in the UAE. In 2016, ADNOC opened its first carbon capture, transportation and storage facility at Al Reyadah in Abu Dhabi. The facility has the capacity to process up to 800,000 tons of CO₂ per year captured at Emirates Steel Arkan. Building on Al Reyadah, the Habshan carbon capture project could provide for enhanced oil recovery of industry leading low carbon-intensity barrels as well as the production of low-carbon feedstocks such as hydrogen, to help customers decarbonize their operations. ADNOC and Occidental are also working to assess potential investment opportunities in the UAE and the United States in both carbon capture and storage and direct air capture. As part of its longstanding decarbonization drive, ADNOC currently acquires 100% of its grid power from the Emirates Water and Electricity Company’s (EWEC) nuclear and solar sources, making the company the first major oil and gas company in the world to decarbonize its power at scale though an agreement of this kind. Furthermore, ADNOC is developing a $3.8 billion (AED14 billion) project to build a sub-sea transmission network, which upon completion, could reduce ADNOC’s offshore carbon intensity by up to 50%.