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The urgency to reduce carbon emissions has prompted governments to explore innovative solutions, leading to substantial investment in carbon management platforms and a collective commitment to sustainability.

Leading the charge in this global effort, the UAE’s biggest oil producer, ADNOC, and Australian energy company, Santos, have entered into a strategic collaboration agreement (SCA) to develop a joint global carbon management platform.

The platform will support the decarbonization efforts and journeys of customers across the Asia-Pacific region, ADNOC said in a statement.

“ADNOC continues to build on its 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 by 2030,” said Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at ADNOC. 

This ambitious target is equivalent to a reduction of 2 million internal combustion vehicles on the road.

Additionally, the agreement will enable ADNOC and Santos to advance carbon capture and storage technologies that are critical in the process of decarbonization globally. Additionally, the two parties will leverage efforts to develop a carbon dioxide shipping and transportation infrastructure network, which will work to push heavy-emitting sectors to capture, ship, and permanently store CO2.

“Large scale-up of CCS is required to meet the world’s climate objectives and companies like Santos and ADNOC have the technology, infrastructure and knowledge to be able to deliver low-cost CCS and low-carbon energy competitively on a global scale,” Alan Stuart-Grant, Energy Solutions Executive Vice President of Santos said.