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Back to Latest Solar NewsAbu Dhabi $3bn carbon capture project set for 2013
Abu Dhabi government-owned Masdar's CCS project, being developed by Hydrogen Energy, a joint-venture between BP and Rio Tinto, is the first commercial scale and countrywide scheme globally. "When the project is commercially operational in the first quarter of 2013, the initial carbon capture will be around 2 million tonnes per year for use in Abu Dhabi's oilfields to enhance recovery," David Binnie, General Manager, Hydrogen Energy said during a conference. Every tonne of carbon dioxide injected can lead to an extra 2.5 to 3 barrels of oil," he said. The project valued at up to $3 billion is currently in the FEED (Front end engineering & design) stage, which is being undertaken by the US Company Foster Wheeler, he said. Under the project, carbon dioxide will be captured from industries with major carbon dioxide emissions across the United Arab Emirates, and then transported via pipelines to storage sites near oilfields. It is then injected into ageing oilfields for enhanced oil recovery. The project will be financed jointly by Masdar and Hydrogen Energy but the investment pattern will be finalized by next year, he said. A joint venture company between the two will be set up locally shortly. |
