UAE's ADNOC to Proceed with Habshan Carbon Capture Project
Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had reached a final investment decision to develop the Habshan carbon capture project. The carbon capture, utilization and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million metric tons of carbon dioxide a year, ADNOC said in a statement. ADNOC brought forward its net zero carbon emissions target by five years to 2045 in July as the United Arab Emirates prepares to host a major UN climate conference in December.