Berliner Boersenzeitung - UAE to pump CO2 into rock as carbon capture debate rages

EUR -
AED 4.100541
AFN 77.413379
ALL 99.399129
AMD 432.522876
ANG 2.01379
AOA 1036.582754
ARS 1074.840314
AUD 1.638402
AWG 2.009533
AZN 1.897724
BAM 1.956408
BBD 2.256061
BDT 133.531523
BGN 1.965931
BHD 0.42069
BIF 3238.849139
BMD 1.116407
BND 1.442823
BOB 7.721263
BRL 6.056951
BSD 1.117427
BTN 93.461652
BWP 14.702308
BYN 3.656772
BYR 21881.580359
BZD 2.25225
CAD 1.514613
CDF 3205.205045
CHF 0.946283
CLF 0.037662
CLP 1039.219035
CNY 7.873799
CNH 7.872619
COP 4650.114928
CRC 578.833333
CUC 1.116407
CUP 29.58479
CVE 110.296334
CZK 25.090913
DJF 198.97831
DKK 7.459754
DOP 67.075451
DZD 147.825397
EGP 54.173877
ERN 16.746107
ETB 128.596137
FJD 2.455869
FKP 0.85021
GBP 0.83926
GEL 3.047887
GGP 0.85021
GHS 17.599236
GIP 0.85021
GMD 76.474898
GNF 9654.915838
GTQ 8.637454
GYD 233.728494
HKD 8.699742
HNL 27.718371
HRK 7.590465
HTG 147.253152
HUF 394.292293
IDR 16913.28939
ILS 4.20618
IMP 0.85021
INR 93.316901
IQD 1463.742058
IRR 46992.371728
ISK 152.289464
JEP 0.85021
JMD 175.553018
JOD 0.791199
JPY 160.503655
KES 144.139301
KGS 94.085197
KHR 4535.288434
KMF 492.726608
KPW 1004.765812
KRW 1489.013615
KWD 0.340571
KYD 0.931181
KZT 535.171625
LAK 24673.45152
LBP 100061.122739
LKR 340.132722
LRD 223.475489
LSL 19.46858
LTL 3.29646
LVL 0.675304
LYD 5.32256
MAD 10.836176
MDL 19.498889
MGA 5034.475344
MKD 61.633614
MMK 3626.046911
MNT 3793.551484
MOP 8.970209
MRU 44.231754
MUR 51.22014
MVR 17.147489
MWK 1937.559121
MXN 21.703614
MYR 4.686123
MZN 71.282382
NAD 19.46858
NGN 1830.829635
NIO 41.122419
NOK 11.727561
NPR 149.530444
NZD 1.789646
OMR 0.429775
PAB 1.117427
PEN 4.194911
PGK 4.43634
PHP 62.087309
PKR 310.770571
PLN 4.277173
PYG 8722.55613
QAR 4.073657
RON 4.974597
RSD 117.085453
RUB 103.966336
RWF 1504.840991
SAR 4.189301
SBD 9.273924
SCR 15.205395
SDG 671.516557
SEK 11.363724
SGD 1.441756
SHP 0.85021
SLE 25.506892
SLL 23410.494226
SOS 638.592859
SRD 33.328128
STD 23107.374219
SVC 9.776953
SYP 2805.006413
SZL 19.453701
THB 36.873802
TJS 11.877787
TMT 3.907425
TND 3.384361
TOP 2.614734
TRY 38.083886
TTD 7.595294
TWD 35.710288
TZS 3046.342404
UAH 46.304169
UGX 4149.215921
USD 1.116407
UYU 45.903041
UZS 14235.29914
VEF 4044243.591204
VES 41.033447
VND 27452.452093
VUV 132.542101
WST 3.123107
XAF 656.149283
XAG 0.035721
XAU 0.000428
XCD 3.017146
XDR 0.828143
XOF 656.149283
XPF 119.331742
YER 279.464658
ZAR 19.611015
ZMK 10049.009427
ZMW 29.079391
ZWL 359.48265
  • RBGPF

    60.5000

    60.5

    +100%

  • CMSC

    0.0650

    25.12

    +0.26%

  • CMSD

    0.0300

    25.01

    +0.12%

  • BCC

    7.6300

    144.69

    +5.27%

  • AZN

    0.3200

    78.9

    +0.41%

  • NGG

    -1.2200

    68.83

    -1.77%

  • GSK

    -0.8100

    41.62

    -1.95%

  • RYCEF

    -0.0200

    6.93

    -0.29%

  • SCS

    -0.8000

    13.31

    -6.01%

  • RIO

    2.2700

    65.18

    +3.48%

  • RELX

    0.7600

    48.13

    +1.58%

  • BCE

    -0.4200

    35.19

    -1.19%

  • VOD

    -0.1700

    10.06

    -1.69%

  • JRI

    -0.0400

    13.4

    -0.3%

  • BTI

    -0.3100

    37.57

    -0.83%

  • BP

    0.3300

    32.76

    +1.01%

UAE to pump CO2 into rock as carbon capture debate rages
UAE to pump CO2 into rock as carbon capture debate rages / Photo: Karim SAHIB - AFP

UAE to pump CO2 into rock as carbon capture debate rages

High in remote mountains in the oil-rich United Arab Emirates, a new plant will soon take atmospheric CO2 and pump it into rock -- part of controversial attempts to target planet-heating emissions without abandoning fossil fuels.

Text size:

Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon dioxide from the air, dissolve it in seawater and inject it deep underground, where it will mineralise over a period of months.

The new site on the Gulf of Oman is funded by state oil giant ADNOC, whose CEO Sultan Al Jaber is president of the UN's COP28 climate talks and chairman of Masdar, a renewable energies company.

The first CO2 injection is expected during COP28 which starts on Thursday in nearby Dubai, and where the debate over hydrocarbons will be a key battle between campaigners and the oil lobby.

"We believe this volume of rocks here in the UAE has the potential to store gigatons of CO2," ADNOC's chief technology officer Sophie Hildebrand told AFP during a tour of the facility this week.

"ADNOC has committed $15 billion to decarbonisation projects," she added, declining to say how much was spent on the Fujairah plant.

The UAE is the world's seventh largest oil producer, and plans to invest $150 billion by 2027 to expand its oil and gas production capacity.

Oil producers are throwing their weight behind carbon capture and storage (CCS) technology as a global warming solution despite criticism from climate experts who caution it is insufficient to tackle the crisis.

With little investment and few projects in operation around the world so far, the technology is currently nowhere near the scale needed to make a difference to global emissions.

- 'Unproven at scale' -

The UN's Intergovernmental Panel on Climate Change (IPCC) says the existing fossil fuel infrastructure -- without the use of carbon capture -- will push the world beyond the desired limit of 1.5 degrees Celsius above pre-industrial levels.

At the plant in Fujairah, one of the UAE's seven sheikhdoms, giant fans extract CO2 directly from the surrounding atmosphere.

Liquid CO2 is stored in vertical tanks, then converted into gas and dissolved in seawater that will be injected into a well that is one kilometre (0.6 mile) deep.

"It will be around eight months for the CO2 to be fully mineralised in the subsurface from the moment of injection," said Talal Hasan, CEO of 44.01.

The company, one of the 2022 winners of the UK's Earthshot Prize, has already carried out a test injection of around 1.2 tons of CO2 in Oman.

"This is a 10 to 15 times scale-up of the Oman pilot," said Hasan.

The "target rate is one ton of CO2 per day for an initial period of 10 days," he added.

When asked about cost, he said the aim is to make it competitive with more conventional carbon storage techniques.

"Our target is to eventually reach a cost of about $15 per ton of CO2 sequestered, not including the cost of the actual capture of the CO2," he said.

Jaber, the COP28 president and head of ADNOC, has said climate diplomacy should focus on phasing out oil and gas emissions -- not necessarily the fossil fuels themselves.

Climate campaigners have raised concerns about the influence of fossil fuel interests at COP28, where the benefits of carbon capture will be strongly pushed.

"When negotiating parties speak of phasing down unabated fossil fuels, they are excluding those fuels whose emissions were mitigated by carbon capture and storage," said Karim Elgendy, associate fellow at Britain's Chatham House think tank.

"The issue with carbon capture and storage technologies is that they are unproven at scale," he said.

(S.G.Stein--BBZ)