Wednesday, October 23, 2019

Adnoc Fleet Slashes Carbon Emission 23%

January 17, 2019

Image: Adnoc

Adnoc Logistics & Services (Adnoc   L&S) announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels.

The marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc ) said in a press release that the ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to deliver greater operational efficiency and a more competitive offering to its customers.

As the owner and operator of 27 shipping vessels and a total fleet of 122 shipping and offshore vessels, the impact of the project has been significant, as bunkering costs represent one of the largest operating expenses for operators.

Since 2013, Adnoc L&S has reduced its CO2 emissions by 1 million tons. It is the UAE’s largest fully integrated maritime and logistics company.

The release quoted Captain Abdulkareem Al Masabi, CEO of Adnoc L&S, as saying: “The ‘Al Daffah Energy Efficiency Project’ is a powerful example of what we can achieve by embracing the Adnoc values and by harnessing our industry expertise and partnerships to deliver greater value for our customers.”

The company also took advantage of favorable market rates to charter an additional LNG vessel, ensuring that slow steaming could be adopted across the fleet, without affecting delivery schedules.

Meanwhile, its parent company Adnoc is investing in new measures to reduce its environmental footprint. It plans to further reduce GHG emissions by up to 10 percent by 2023, substantially increase its use of Carbon Capture, Utilization and Storage (CCUS) technology, reduce its use of potable water and cut the volume of waste sent to landfill sites.

According to the International Association of Oil & Gas Producers (IOGP) Environmental Performance Report for 2017, Adnoc ranked in the top five lowest GHG emitters, with less than half the industry average, at 39.68 million tCO2e, and has one of the lowest methane intensities of 0.01 percent. At the same time, Adnoc has reduced the volume of natural gas flared by more than 72 percent since 1995.

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