{"id":77638,"date":"2023-05-25T01:00:12","date_gmt":"2023-05-25T01:00:12","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/25\/oc-led-consortium-partner-up-with-adnoc-taqa-on-usd-2-4-bn-sustainable-water-supply-project\/"},"modified":"2023-05-25T01:00:12","modified_gmt":"2023-05-25T01:00:12","slug":"oc-led-consortium-partner-up-with-adnoc-taqa-on-usd-2-4-bn-sustainable-water-supply-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/25\/oc-led-consortium-partner-up-with-adnoc-taqa-on-usd-2-4-bn-sustainable-water-supply-project\/","title":{"rendered":"OC-led consortium partner up with Adnoc, Taqa on USD 2.4 bn sustainable water supply project"},"content":{"rendered":"

<\/a> A new sustainable water project for UAE big oil:<\/strong> A consortium comprising Orascom Construction (OC), Metito, the Abu Dhabi National Oil Company (Adnoc), and Abu Dhabi National Energy Company (Taqa) will establish a USD 2.4 bn mega seawater treatment and water supply project in the UAE, according to statements by the consortium (pdf)<\/a> and Adnoc<\/a>.<\/p>\n

The details:<\/strong> The large-scale greenfield project includes a seawater nanofiltration plant with a treatment capacity of over 110 mn imperial gallons per day (c. 500k m3\/day) to serve Adnoc\u2019s onshore operations. It will also include seawater intake and outfall facilities, pumping stations, a 75-km water transmission pipeline and an in-field distribution network of over 230 km to support reservoir pressure maintenance in the Bab and Bu Hasa oil fields in Abu Dhabi.<\/p>\n

Energy efficiency all the way:<\/strong> The project will replace the aquifer water injection systems currently used by Adnoc in its onshore oil fields, allowing a sustainable water supply for the state oil giant\u2019s onshore operations and preserving the country\u2019s natural aquifer resources. It will also boost energy efficiency by up to 30% and slash Adnoc\u2019s environmental footprint in comparison with the currently used injection system.<\/p>\n

Where is the money coming from?<\/strong> The project will be funded through a special purpose vehicle (SPV) under a build, own, operate, and transfer (BOOT) model for 30 years, the statement notes. It will then be returned to Adnoc after the 30-year period ends. Adnoc and Taqa will jointly hold a 51% stake in the SPV, while Orascom Construction and Metito will each own 24.5% of the entity.<\/p>\n

REMEMBER<\/strong>- Adnoc has taken several steps to reduce its carbon footprint: <\/strong>Earlier this year, Adnoc said it will allocate USD 15 bn<\/a>to decarbonization projects by 2030. The projects include investments in clean power, carbon capture and storage, electrification, and energy efficiency. The company set up a new division late last year<\/a> focused on low-carbon solutions and international growth. It also reached financial close<\/a> with Taqa last September on a USD 3.8 bn project to build a subsea transmission network designed to reduce emissions at offshore production facilities by providing them with mainland power.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new sustainable water project for UAE big oil: A consortium comprising Orascom Construction (OC), Metito, the Abu Dhabi National Oil Company (Adnoc), and Abu Dhabi National Energy Company (Taqa) will establish a USD 2.4 bn mega seawater treatment and water supply project in the UAE, according to statements by the consortium (pdf) and Adnoc. […]<\/p>\n","protected":false},"author":1,"featured_media":77639,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[80,11,151,428,493,1685,281,1684],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-adnoc","tag-enterpriseclimate","tag-investment-watch","tag-metito","tag-orascom-construction","tag-seawater-treatment","tag-taqa","tag-water-supply","wpautop","entry"],"acf":{"mongo_id":"c0602e81-881f-449a-b99c-445e2deb2fb4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/1625.jpeg","photo_position":"above","related_issue":[77633],"teaser":"","voice_url":""},"yoast_head":"\nOC-led consortium partner up with Adnoc, Taqa on USD 2.4 bn sustainable water supply project - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/25\/oc-led-consortium-partner-up-with-adnoc-taqa-on-usd-2-4-bn-sustainable-water-supply-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OC-led consortium partner up with Adnoc, Taqa on USD 2.4 bn sustainable water supply project\" \/>\n<meta property=\"og:description\" content=\"A new sustainable water project for UAE big oil: A consortium comprising Orascom Construction (OC), Metito, the Abu Dhabi National Oil Company (Adnoc), and Abu Dhabi National Energy Company (Taqa) will establish a USD 2.4 bn mega seawater treatment and water supply project in the UAE, according to statements by the consortium (pdf) and Adnoc. 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