ADNOC, Siemens Partner for Blockchain Based CO2 Intensity Certificate | Rig zone
Abu Dhabi National Oil Company (ADNOC) and Siemens Energy plan to pilot blockchain technology to certify the carbon intensity of a range of products.
Using smart sensor data collected from ADNOC’s entire operational chain – from the oil well straight to the customer – the pilot will show how much CO2 was used to make products such as Murban crude oil, ammonia and jet fuel. This information will be automatically recorded in a decentralized blockchain ledger.
Such transparency would allow independent regulators to certify the carbon intensity of products. It will also give customers greater confidence and clarity about the carbon footprint of their purchases.
“People typically associate blockchain technology with cryptocurrencies, but the use of decentralized ledgers has significant implications for the energy industry. This pilot promises to shine a digital spotlight into our production processes. It will show the world why energy provided by ADNOC is among the least carbon intensive in the oil and gas industry,” said Abdulmunim Saif Al Kindy, Managing Director of the People, Technology & Corporate Support Directorate at ADNOC.
The low carbon energy certificate initiative is part of a wider memorandum of understanding between ADNOC and Siemens Energy. Under the agreement, specialists from both companies will co-create technologies to accelerate decarbonisation and the transition to clean energy. They will work together at ADNOC’s innovation facility in Abu Dhabi. Other areas under joint development include electrification and “Power-to-X” technologies to produce green hydrogen and its derivatives, including synthetic CO2-derived products.
“By leveraging our unique knowledge and expertise on certificates for sustainability, Siemens Energy will work with ADNOC to develop solutions to benefit the energy industry. Investment in innovation and co-creation of technologies are important tools for reducing emissions and meeting Net Zero targets, says Fahad Al Yafei, Chief Technology Officer, Siemens Energy Middle East.
The collaboration is the latest in a series of innovation partnerships between ADNOC and leading technology pioneers from around the world. The Siemens Energy Middle East Innovation Center is one of four global innovation hubs leveraging the company’s expertise in developing sustainable, reliable and affordable clean energy technologies.
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