-
'A scare': Brazil player leaps into tunnel in joy over goal
-
Britain's Amy Hunt wins European women's 100m gold
-
USA Swimming CFO Hilliard arrested for alleged theft
-
Trump order pushes for overhaul of childhood vaccine schedule
-
Trump insists Netanyahu relationship 'very good' despite Gaza rift
-
Global stocks mixed while oil prices jump on Hormuz
-
Ingebrigtsen delivers masterclass for seventh European athletics gold
-
Turkey MPs back historic law on reintegrating Kurdish militants
-
Colombia declares state of emergency after quake kills 111
-
'Dreams disappear' as Gaza students await evacuation to Italy
-
Golden relay double for Britain at Europeans as Marchand takes silver
-
Third European gold for Schilder in women's shot put
-
Barcelona's Araujo heads to Liverpool on loan
-
Golden relay double for Britain at Europeans as Marchand settles for silver
-
Tupac Shakur murder trial begins 30 years after rapper's death
-
US had hottest month on record in July
-
Russia bars only anti-war party from elections
-
Colombia quake leaves 69 dead, with more trapped under rubble
-
Boeing to divest tech ventures for stake in air-taxi startup
-
Bookmap Announces Partnership with Plus500 to Expand Futures Trading Access
-
Major quake rocks Colombia and neighbors, 18 confirmed dead
-
Barcelona turn down PSG offer for Torres
-
Brazil aircraft maker Embraer raises outlook after record revenue
-
Buildings collapse as major quake rocks Colombia and neighbors
-
Drought forces water restrictions across nearly 70 percent of France
-
Meta releases new AI model as Zuckerberg lays out vision
-
Europe wary as gas stocks languish at lows while winter looms
-
OFunded Enters the Prop Trading Market With Broker-Backed Infrastructure From OFinancial Markets
-
Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million
-
What next for beleaguered FIFA president Infantino?
-
Stocks mostly flat with focus on US inflation
-
Greece contains new wind-driven fire near Athens
-
UK radio broke rules in announcing king's death: watchdog
-
Massive shake-up of Hungary media after Orban's exit
-
Europe braces for another summer heatwave
-
Days of heavy rain leave at least 16 dead in Philippines
-
Tentoglou keep bid for fourth Euro title on course, Nowicki misses out
-
Bezos consortium nears deal to buy Liverpool stake: report
-
MEXC Sponsors Yohani's Colombo Concert, Bridging Sri Lankan Culture and Global Digital Finance
-
Stocks mostly rise with focus on US inflation
-
Parts of Germany's Rhine could become unnavigable, group warns
-
Days of heavy rain leave at least 13 dead in Philippines
-
Base Markets Appoints Nazim Moussaoui as Head of Premium Clients and Partnerships
-
Ex-Thai MP shoots dead local official over money row
-
US, South Korea to drill for new threats from North
-
July was Spain's hottest month on record: weather agency
-
SCANDIC TRADE Ultimate 2.6 är färdigutvecklat – SNC SCANDIC ECO-Systemet är nu komplett
-
SCANDIC TRADE Ultimate 2.6 je hotový – systém SNC SCANDIC ECO je kompletní
-
SCANDIC TRADE Ultimate 2.6 jest gotowy – system SNC SCANDIC ECO jest kompletny
-
تم الانتهاء من تطوير SCANDIC TRADE Ultimate 2.6 – وبذلك أصبح نظام SNC SCANDIC ECO متكاملاً
Gulf oil giants turn to start-ups in carbon-capture bid
Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.
Oil producers have for years touted capturing carbon before it goes into the atmosphere as a potential global warming solution, against criticism from climate experts who say it risks distracting from the urgent goal of slashing fossil fuel pollution.
With little investment and few projects in operation around the world so far, the technology is currently nowhere near the scale needed to make a difference to global emissions.
Now major players from Saudi Aramco to the United Arab Emirates' ADNOC say that is about to change, as the UAE hosts climate negotiations this year with a message of cutting emissions rather than fossil fuels.
"For the industry and for countries as well to achieve net-zero by 2050, I don't see us achieving this without embracing carbon capture," Musabbeh Al Kaabi, ADNOC's executive director of low-carbon solutions, told AFP.
"I would love to see more wind and solar energy, but to be practical and transparent, it's not going to solve the problem."
Carbon capture was a hot topic at a recent climate tech conference in the UAE capital Abu Dhabi, home of ADNOC.
There were also firms presenting their plans for direct air capture (DAC), a newer technology that extracts CO2 directly from the atmosphere.
The UN's Intergovernmental Panel on Climate Change (IPCC) says the existing fossil fuel infrastructure -- without the use of carbon capture -- will push the world beyond the Paris deal's safer global warming limit of 1.5 degrees Celsius above pre-industrial levels.
- Industrial smokestacks -
The debate between whether to primarily target fossil fuels or emissions is shaping as a key battleground at the COP28 climate talks, which will be held in UAE financial hub Dubai.
Citing the IPCC, the COP28 president-designate Sultan Al Jaber -- ADNOC's CEO and his country's climate envoy -- last week said it was time to "get serious about carbon capture".
But environmentalists are sceptical about the central role that big energy firms are seeking in climate solutions, saying they have a vested interest in maintaining fossil fuel sales.
Julien Jreissati, programme director at Greenpeace MENA, labelled it a "distraction".
ADNOC's Kaabi, however, argued that the oil giant's engineering capabilities and deep pockets make them best placed to propel climate tech.
"The world has two options: we could leave it to the small players or have the big players accelerating this decarbonisation," Kaabi said.
In 2016, ADNOC launched the region's first commercial-scale CCS project, Al-Reyadah, which has the capacity to capture 800,000 tonnes of CO2 per year.
Globally, there are only around 35 commercial facilities using carbon capture utilisation and storage globally, according to the International Energy Agency (IEA), which says even those planned until 2030 would capture only a fraction of the emissions needed.
- 'We need to move quicker' -
The entrepreneurs at the UAE conference included Omani company 44.01, a winner of the UK's Earthshot Prize for its technology that permanently removes carbon dioxide from the air by mineralising it in peridotite rock.
"Climate change is an urgent challenge and for us to be able to tackle that challenge we need to move quicker," said CEO Talal Hasan.
"The oil and gas partnerships help us move quickly," he told AFP.
Hasan's 44.01 has partnered with ADNOC to develop a carbon capture and mineralisation site in Fujairah, one of the UAE's seven emirates -- the first such project by an energy company in the Middle East.
"In one tonne of peridotite, you could probably mineralise 500 to 600 kilos of CO2... this means that with the rocks just in this region, you could potentially mineralise trillions of tons," Hasan said.
For Hasan, energy firms are good partners because "we use a lot of the same equipment, infrastructure, people and resources".
"That will help us accelerate scaling," he said, arguing the speed of execution is "very important".
State-owned Saudi Aramco, one of the world's richest companies, has invested in Carbon Clean, a UK-based firm that has developed compact technology that captures carbon from industrial smokestacks.
The firm, which has 49 sites around the world, will deploy its latest technology in the UAE this year -- its first project in the Middle East.
"Obviously, the big fire."
H.Seidel--BTB