ADNOC and Santos will offer carbon capture and storage or CCS technologies to their joint customers in the APAC region.
The two companies have signed a strategic collaboration agreement (SCA). It outlines a pathway to develop a joint global carbon management platform to support the decarbonization plans of their customers.
The partners will jointly develop a CO2 shipping and transportation infrastructure network. They will also work to advance CCS technologies to accelerate the decarbonization of industries globally.
Musabbeh Al Kaabi, Executive Director, Low Carbon Solutions and International Growth, ADNOC, said, “We continue to build on our pioneering role in safely capturing and permanently storing carbon dioxide as we accelerate toward net zero by 2045 and target CCS capacity of 10 million tonnes per annum (mmtpa) by 2030. Through this partnership, ADNOC and Santos will work together to scale up the carbon management technologies of the future while leveraging our combined expertise and experience in safely transporting, capturing, and storing carbon to help markets in the Asia-Pacific decarbonize.”