(MENAFN) Abu Dhabi National Oil Company (ADNOC) has signed a joint venture agreement with Masdar to establish a company that manages commercial-scale projects for carbon capture, usage and storage (CCUS), according to Arab News.
The two companies have allocated USD122.48 million for the engineering, procurement and construction (EPC) contract that allows Dodsal Group to build a carbon dioxide (CO2) compression facility and a 50-kilometer pipeline.
CCUS' first project will include three core components, and will be located at Abu Dhabi.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.