Published On:January 23 2014
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Maersk and Masdar sign carbon capture MoU.
Maersk, the Danish shipping and energy conglomerate, has signed a memorandum of understanding with Masdar to collaborate on carbon capture.
Maersk Oil hopes to bring its TriGen technology, an unusual form of carbon capture technology that generates water and power in addition to carbon dioxide for injection into oil reservoirs, to the emirate as it evaluates partners who can help it to boost production capacity to 3.5 million barrels per day from 3 million bpd today.
Were Abu Dhabi to build seven such units, it would in theory be able to boost production by 50,000bpd through carbon injection and meet its 7 per cent renewables target.