Abu Dhabi, UAE – October 3, 2023: ADNOC and Occidental announced, today, 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 (US). The agreement is the first project to reach the technical feasibility stage since the two companies signed a strategic collaboration agreement, in 2023, to explore carbon capture, utilization and storage (CCUS) projects in the UAE and the US. The study will assess the proposed one million tonnes per annum (mtpa) DAC facility to be connected to ADNOC’s carbon dioxide (CO2) infrastructure for injection and permanent storage into saline reservoirs not used for oil and gas production. ADNOC is in the testing phase of the world’s first full sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi.

Abu Dhabi, UAE – October 17, 2023: ADNOC Gas, a large-scale integrated gas processing company, today announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500 million (AED1.8 billion) and $700 million (AED2.5 billion), with JERA Global Markets, a trading subsidaiary of JERA Co., Inc. This agreement builds on the long-standing relationship between the UAE and Japan, and reinforces ADNOC Gas’ position as a global LNG export partner of choice. Japan is a vital energy partner for the UAE, and this agreement bolsters ADNOC’s growing track record of fostering strategic partnerships with Japanese energy companies. Commenting on the agreement, Ahmed Alebri, Chief Executive Officer of ADNOC Gas, said: “This LNG supply agreement marks a significant milestone in ADNOC Gas’ long-standing strategic partnership with JERA Co., Inc, demonstrating our continuous and shared commitment for advancing sustainability in the energy sector and supporting a reliable and cleaner energy future for Japan and beyond.” Natural gas continues to play a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels. It also serves as an important raw material in industrial value chains. Kazunori Kasai, Chief Optimization Officer, JERA Co., Inc. and Chairman, JERA Global Markets, said: “We are pleased to continue our LNG partnership with ADNOC Gas as the JERA Group continuously looks towards strengthening our global LNG portfolio with stable, flexible and competitive LNG supply, which is essential in the energy transition.” This agreement follows several significant international LNG sales agreements that ADNOC Gas has recently signed, including agreements with PetroChina International Co., Ltd. (PCI), Japan Petroleum Exploration Co., Ltd. (JAPEX), TotalEnergies Gas and Power, and India Oil Corporation (IOCL). The total value of LNG supply agreements signed by ADNOC Gas since its listing in March this year is between $9.4 billion (AED34.5 billion ) and $12 billion (AED44 billion). Constructed in the 1970s, ADNOC’s LNG production facilities on Das Island supplied LNG to the Tokyo Electric Power Company (one of the parent companies of JERA Co., Inc.) for over 40 years. This new supply agreement with JERA Global Markets renews and further enhances the partnership. ADNOC Gas continues to leverage opportunities arising from ADNOC’s integrated gas masterplan which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.

Dubai, UAE, 3 October 2023: Dubai Electricity and Water Authority (DEWA), signed a 30-year water purchaser agreement with Saudi Arabia’s ACWA Power for phase 1 of the Hassyan sea water desalination project using solar power. The project is part of DEWA’s efforts to increase its water desalination capacity to 730 MIGD by 2030, from 490 MIGD at present. Last August, DEWA announced ACWA Power as the 'Preferred Bidder' for the construction and operation of the 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1 Independent Water Producer (IWP) project, with an investment of AED 3.357 billion (USD 914 million). The allocated land area for the project is 252,300 square metres. DEWA achieved a world record by receiving the lowest bid of 0.36536 USD/m³ of desalinated water. This project is the largest of its kind in the world for water production based on Sea Water Reverse Osmosis (SWRO) technology using solar energy. It is DEWA’s first Independent Water Producer (IWP) model project. The water desalination capacity in Dubai is currently 490 MIGD. This capacity will increase to 670 MIGD in 2026 with the completion of this project.

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%.