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 straight to the customer to make products such as Murban crude oil, ammonia and jet fuel. This will be done using smart sensor data collected from ADNOC’s entire operational chain.
The information will automatically be registered in a decentralized blockchain ledger.
Such transparency would 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 work together 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, Managing Director, People, Technology and Corporate Support Directorate at ADNOC, said: “People typically associate blockchain technology with cryptocurrencies, but the use of decentralized ledgers has significant implications for the energy industry. This pilot promises to put a digital spotlight into production processes ours. 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 Officer, Siemens Energy Middle East, said: “Leveraging our unique knowledge and expertise in sustainability certificates, Siemens Energy will work with ADNOC to develop solutions to benefit the energy industry. Investing in innovation and co-creation of technologies are important tools for reducing emissions and reaching net zero goals.”
According to an agreement, signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the cooperation between ADNOC and Siemens Energy will start by the end of the fourth quarter. The agreement was signed by Sophie Hildebrand, Chief Technology Officer, ADNOC and Dr Al Yafei.
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