Occidental and ADNOC, two major energy companies, have signed an agreement to conduct an engineering study for the feasibility of constructing a new 1 million tonne-per-year Direct Air Capture (DAC) facility in the UAE. If realized, this facility would be one of the world’s largest DAC projects and the first megaton-scale DAC facility outside the United States.
This agreement builds upon a memorandum of understanding (MOU) signed by the two companies in August to explore carbon capture, utilization, and storage (CCUS) projects in both the United States and the UAE.
DAC technology is considered a key option for carbon removal in the transition to a net-zero energy system, as it directly extracts CO2 from the atmosphere. The Intergovernmental Panel on Climate Change (IPCC) has highlighted the need for carbon dioxide removal methods on a large scale to limit global warming to 1.5°C, with DAC being a potential significant contributor.
Occidental’s subsidiary, 1PointFive, is currently developing Stratos in Texas, expected to be the world’s largest DAC facility, capturing 500,000 tonnes of CO2 annually. Stratos employs DAC technology developed by Carbon Engineering, a Canada-based company. In August, Occidental announced its intention to acquire Carbon Engineering for $1.1 billion.
Under the new agreement, Occidental and ADNOC will assess the feasibility of a megaton-scale DAC facility in the UAE, using the same CO2 extraction technology as Stratos. CO2 captured at this facility would be connected to ADNOC’s CO2 infrastructure for injection and permanent storage in saline reservoirs not used for oil and gas production.
This initiative reflects the growing focus on carbon capture and removal technologies as part of efforts to address climate change and achieve net-zero emissions targets.
By FCCT Editorial Team freeslots dinogame telegram营销
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