ADNOC and Occidental looking at the development of DAC
ADNOC and Occidental collaborate on CCS and DAC
Strategic agreement includes evaluation of first megaton direct air capture project outside US
Abu Dhabi state energy company ADNOC and US energy firm Occidental have signed a strategic collaboration agreement to evaluate potential investment opportunities in CCS hubs and in direct air capture (DAC) projects in both countries. As part of the agreement, the two companies are looking at the development of DAC facilities in the UAE, including what could be the first megaton project constructed outside of the US. They will also assess the joint development of one or more carbon management hubs in the UAE, while ADNOC will explore participation in DAC and CO₂ sequestration hubs in the US that are under development by Occidental’s subsidiary, 1PointFive, including the Stratos DAC project in
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
