UAE’s ADNOC, TAQA Start $3.6 Billion Project to Cut Emissions

UAE’s ADNOC, TAQA Start $3.6 Billion Project to Cut Emissions

Abu Dhabi National Oil Co. (ADNOC) and Abu Dhabi National Energy Co. (Taqa) will establish a $3.6 billion project to cut the carbon footprint of the national oil producer's offshore operations by more than 30% starting 2025, ADNOC announced in a statement.

The project is part of efforts by the United Arab Emirates to neutralize carbon emissions by 2050. 

According to ADNOC's statement, the project will develop and operate a high voltage direct current subsea transmission system that will power ADNOC's offshore production operations with cleaner energy, delivered through the Abu Dhabi onshore power grid, owned and operated by Taqa's transmission and distribution companies.