ADNOC, Siemens Energy to co-develop blockchain-based low-CO2 energy certificates ADNOC, Siemens Energy to co-develop blockchain-based low-CO2 energy certificates
Now Reading
ADNOC, Siemens Energy to co-develop blockchain-based low-CO2 energy certificates

ADNOC, Siemens Energy to co-develop blockchain-based low-CO2 energy certificates

Other areas under joint development include electrification and Power-to-X technologies to produce green hydrogen and its derivatives

Divsha Bhat
Adnoc

Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG have announced plans to pilot blockchain technology to certify the carbon intensity of a range of products.

The pilot project aims to demonstrate how much CO2 was used from the oil well right to the customer to make products such as Murban crude oil, ammonia and aviation fuels. This will be done through the use of smart sensor data gathered from across ADNOC’s operational chain.

The information will be automatically recorded onto a decentralised blockchain ledger.

Such transparency will allow independent regulators to certify the carbon intensity of products.

Meanwhile, as part of the memorandum of understanding between, a low-carbon energy certificate initiative has been introduced by the firms. Specialists from both companies will collaborate at ADNOC’s innovation facility in Abu Dhabi to develop technologies to accelerate the process.

Other areas under joint development include electrification and “Power-to-X” technologies to produce green hydrogen and its derivatives, including synthetic CO2-derived products.

Abdulmunim Saif Al Kindy, executive director, People, Technology and Corporate Support Directorate at ADNOC, said: “People typically associate blockchain technology with crypto currencies, but the use of decentralised ledgers has significant implications for the energy industry. This pilot promises to shine a digital spotlight into our manufacturing processes. It will show the world why energy supplied by ADNOC is among the least carbon intensive in the oil and gas industry.”

Dr Fahad Al Yafei, chief technology ffficer, Siemens Energy Middle East, said: “By leveraging our unique knowledge and expertise of certificates of sustainability, Siemens Energy will work with ADNOC to develop solutions for the benefit of the energy industry. Investing in innovation and the co-creation of technologies are vital tools for reducing emissions and meeting net zero targets.”

Under an agreement, signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), collaboration between ADNOC and the Siemens Energy will commence by the end of the fourth quarter. The agreement was signed by Sophie Hildebrand, chief technology officer, ADNOC and Dr Al Yafei.

Read: ADNOC awards $4bn agreements for integrated drilling fluids services

You might also like

© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top