Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG stated that they plan to pilot blockchain technology to certify the carbon intensity of a variety of products.
The pilot will demonstrate how much CO2 was used to produce products like Murban crude, ammonia, and aviation fuels utilizing smart sensor data acquired from all points along ADNOC’s operational chain, from the oil well to the client. This data will be automatically recorded onto a decentralized blockchain ledger.
Independent regulators will be able to validate the carbon intensity of items depending on this transparency.
Abdulmunim Saif Al Kindy, Executive Director, People, Technology & Corporate Support Directorate at ADNOC, said: “People typically associate blockchain technology with crypto currencies, but the use of decentralized 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.”
This initiative is withing the framework of a broader memorandum of understanding (MoU) signed between the two companies.
Fahad Al Yafei, Chief Technology Officer, 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.”
Collaboration between ADNOC and the Siemens Energy Innovation Center will start by the end of the fourth quarter of 2022, according to a contract inked at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). The agreement was signed by Sophie Hildebrand, Chief Technology Officer, ADNOC and Dr. Al Yafei.
The cooperation represents the most recent in a string of innovation alliances between ADNOC and top global innovators in technology.
The Siemens Energy Middle East Innovation Center is one of four international innovation hubs that makes use of the business’s experience in creating dependable, cheap, and sustainable clean energy technology.