Masdar, Abu Dhabi Ports in carbon capture deal
Abu Dhabi, June 11, 2008
Abu Dhabi-based Masdar has signed an agreement with Abu Dhabi Ports Company (ADPC) to explore carbon dioxide capture and greenhouse gas reduction initiatives at Khalifa Port and Industrial Zone (KPIZ) in Taweelah.
Masdar is a multi-faceted initiative launched by the Abu Dhabi Government through the Mubadala Development Company, to promote advanced energy and sustainability.
The agreement with ADPC paves the way for the introduction of a scheme for carbon dioxide capture from industrial facilities as well as the development of carbon emission reduction and monetization opportunities under the Kyoto Protocol’s Clean Development Mechanism (CDM).
When completed, Phase (1) of KPIZ will comprise a world-class container and industrial port and more than 100 sq km of industrial, logistics, commercial, educational as well as residential, special economic and free zone.
“We are very pleased to be collaborating with Masdar on this important initiative to capture and reduce carbon emissions from the Khalifa Ports and Industrial Zone (KPIZ). Our aim is to become the world’s first green industrial zone with integrated carbon capture facilities to reduce CO2 emissions. This will facilitate the development of heavy industry in the zone with limited environmental impact”,” said Ali Al Badi, CEO of ADPC.
Masdar is currently developing a major carbon capture and transmission network in Abu Dhabi. The network will capture carbon dioxide gas emitted from industrial plants for delivery via pipelines to oil reservoirs for enhanced oil recovery. Masdar is also developing a large portfolio of greenhouse gas emissions reduction and monetization projects in Abu Dhabi and the region. Those projects are focused on oil and gas, power and industry and will benefit from the United Nations based CDM mechanism to convert emission reductions into tradable assets or carbon credits.
ADPC aims to make the Khalifa Ports and Industrial Zone (KPIZ) a green zone and Masdar will be working closely with ADPC to introduce low-carbon technologies to the industry, said Dr Sultan Al Jaber, Masdar CEO. - TradeArabia News Service