Masdar Carbon
Masdar Carbon manages projects that bring reductions in carbon emissions through energy efficiency and waste heat/CO2 recovery, as well as through carbon capture and storage (CCS). The unit provides value to industrial asset owners by monetizing carbon emission reductions under the current United Nations-based Clean Development Mechanism (CDM) or other applicable future international climate trading schemes, and by providing an end-to-end solution to achieve this, including carbon finance, project identification and management, technology sourcing project analysis and registration at the United Nations. Masdar Carbon’s geographic focus under the CDM is the Middle East, Africa and Asia, while its sector focus is on oil, gas and power. Masdar’s CDM project portfolio includes a diversified range of projects focusing on gas flaring reduction, gas leakage reduction, combined heat and power, industrial CO2 recovery and solar power.
Masdar Carbon also has entered into a joint venture with E.ON Carbon Sourcing to invest in carbon abatement projects in Africa, the Middle East, and Central and Southeast Asia. The company will develop, finance and implement projects in the Middle East, Africa and Asia with a particular focus on power generation and oil and gas. The emission reductions will be monetized in the form of carbon credits and traded under the CDM or other applicable future schemes.
As part of its mandate to invest in technologies for the production of clean fossil fuels, Masdar Carbon is developing one of the world’s most ambitious large-scale CCS projects in partnership with the Abu Dhabi National Oil Company (ADNOC), its group of companies, and others in the power and industrial sectors in the Emirate. The project will capture carbon dioxide emitted from power plants and heavy industry and transport it, via a national pipeline network, for injection into Abu Dhabi’s oil & gas reservoirs for enhanced oil recovery. The first phase of the project is currently in the front-end engineering and design stage and upon completion, will capture five million tons of carbon dioxide per year. Masdar Carbon will contribute to Plan Abu Dhabi 2030 by helping to lower the Emirate’s carbon footprint.