ADNOC distribution service station pumps with logo in daylight.
ADNOC
Energy experts say a plan by the Abu Dhabi National Oil Company (ADNOC) to power its operations using solar and nuclear energy beginning next year is a “groundbreaking” move, but more information is needed to understand the real impact on emissions.
ADNOC, which exports more than 3 million barrels of oil per day, signed a supply deal with the Emirates Water and Electricity Company (EWEC) to provide 100% of its grid power from nuclear and solar energy from January 2022.
“This landmark clean energy partnership with EWEC will make ADNOC the first major oil and gas company to decarbonize its power at scale,” said Sultan Al Jaber, Managing Director and Group CEO of ADNOC.
Industry observers welcomed the plan, which will tap into the UAE’s regional leadership in nuclear and solar power investments, despite limited detail on offer about how it would work.
“Several international oil companies have net zero commitments for operational emissions. This is quite groundbreaking in terms of realizing zero carbon electricity across an entire portfolio,” said Robin Mills, CEO of Qamar Energy, a UAE based energy consultancy.
UAE’s Minister of State and CEO of the Abu Dhabi National Oil Company Sultan al-Jaber speaks during the opening ceremony of the Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi on November 11, 2019.
AFP | Getty Images
“My estimate is this could save about 7-9 Mt (million metric tons) CO2 emissions a year. Possibly more if applied to the downstream industries,” Mills said.
The assessment comes as big oil faces increasing investor pressure over its climate ambitions.
Companies, including ADNOC and Saudi Arabia’s Aramco, have launched climate initiatives just days ahead of COP26, while simultaneously investing to increase oil production in the coming years.
Important step
The ADNOC-EWEC partnership, while significant, did not outline how the clean electricity agreement would be implemented or offer specific insight on the quantity of emissions it was expected to reduce.
“ADNOC wants to tout progress on cutting emissions and decarbonizing its oil and gas operations ahead of COP26,” Ben Cahill, a Senior Fellow at the Center for Strategic and International Studies, told CNBC.
“This announcement would be more meaningful if ADNOC offered hard data,” Cahill added.
Cahill said more information was needed to understand how its “Scope 1” and “Scope 2” emissions — two key categories of emissions a company creates by its own operations and in its wider value chain — might be impacted.
“As they flesh out their sustainability plans, they’ll have to offer more data,” Cahill said.
Workers photographed walking past a section of solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park in Dubai on March 20, 2017.
STRINGER | AFP | Getty Images
So called “Scope 3” emissions, which are subject to ambiguous reporting standards across the sector and by far the most polluting, remain the most challenging for the wider industry to address.
British oil giant BP announced plans to achieve net zero across its operations “on an absolute basis” by 2050 or sooner. France’s TotalEnergies also aims to address Scope 1 and 2 emissions by reaching net zero for worldwide operations by 2050. Saudi Arabia’s Aramco aims to reach carbon net zero by 2050.
ADNOC has pledged to decrease greenhouse gas emissions intensity by 25% by 2030. The company said Murban, its flagship crude grade, already has a carbon intensity that is less than half the industry average, and that that figure would improve as a result of the agreement.
“It also directly supports our goal to remain one of the lowest carbon intensity operators in the oil and gas industry, and underscores how hydrocarbons, clean energy and advanced energy sources can complement each other in the energy transition,” added ADNOC’s Al Jaber, who also serves as Minister of Industry and Advanced Technology and UAE special envoy for climate change.
The decision by ADNOC to “decarbonize” its power grid also highlights a push within the UAE to boost its environmental credentials, after it became the first Gulf state to commit to eliminating carbon emissions by 2050.
“The world continues to need oil and gas, and bold steps like this are critical to decarbonizing our industry,” the OPEC Secretariat tweeted after the announcement.
Volkswagen is advertising its 2024 ID.4 Standard at $999 down, $149/month for 24 months. That’s an average monthly lease cost of just $184/month plus tax and license, making it the cheapest of all January EV lease offers we’ve found.
We haven’t seen a great lease deal like this on a five-passenger electric SUV since last April, when Toyota slashed the average lease cost of its bZ4X XLE down to $191/month for 2023 model and $227/month for a 2024 model. In-stock bZ4X inventories were depleted in a few weeks, and dealers subsequently started to hike their asking prices as they collected deposits for ordered and in-transit vehicles. It stands to reason that the same phenomena could occur with this incredible ID.4 lease offer, so act quickly if you’re intrigued by this deal.
Equipped with a 62kWh battery and a single motor that drives the rear wheels, the ID.4 in Standard trim (MSRP $41,160) can travel 206 miles on a full charge and achieve 60mph from standstill in 7.3 seconds. Consumers that require more range or performance can opt for an array of higher trim levels, ranging from the ID.4 Pro RWD (291 miles, 0-60mph in 6.1 seconds, MSRP $46,300) to the top-of-the-line fully-equipped ID.4. Pro S AWD (263 miles, 0-60mph in 4.6 seconds, MSRP $55,300).
For those that prefer to buy rather than lease, Volkswagen is running a $10,500 Retail Customer Bonus Cash incentive on the ID.4 which means that the ID.4 Standard can be bought for just $30,660.
As far as dealer offers, a quick survey of a few VW dealers shows that VW of Thousand Oaks in southern California, VW of West Islip in New York and King VW in Maryland have dealer discounts of about $2000 that should stack on top of manufacturer incentives to lower the monthly cost of a lease or reduce the final price on a purchase.
Hamburger Hochbahn AG operates the city of Hamburg’s bus system, and they’ve just placed an order with Daimler Buses for 350 fully electric Mercedes-Benz eCitaro buses to be delivered to the northern German city for use as zero-emission public transport.
Hamburger Hochbahn AG becomes the latest bus operator to put in a major order with Daimler – as I type this, fully 95 examples of the Mercedes-Benz eCitaro electric buse have already been deployed on the streets of Hamburg through Vhh.mobility, with both Mercedes and Vhh.mobility calling the bus fleet’s arrival a major step towards CO2-neutral local transport.
“I am very pleased that, together with vhh.mobility, we can make a significant contribution to emission-free local transport in the Hamburg metropolitan region,” says Till Oberwörder, CEO of Daimler Buses. “Our battery-electric eCitaro city bus offers an excellent overall package: The modern, long-range electric drive ensures that passengers reach their destinations quietly and locally CO2-neutrally. Advanced assistance systems also increase safety in all road traffic conditions.”
When discussing their order, Hamburger Hochbahn AG representatives said they were particularly impressed by the low total cost of ownership (TCO) and the ease of maintenance offered by the Mercedes eCitaro electric bus over its service life.
Electric equipment from XCMG can now be ordered with interchangeable battery swap tech, enabling heavy trucks and construction equipment to swap out their BYD-developed, 400 kWh battery packs in just three minutes, and top-off as quickly as diesel.
And we’re not just talking about off-highway and heavy equipment – the XCMG’s swappable BYD batteries are making their way to on-road trucks as well … but we’ll get to that.
XCMG ZNK95 electric autonomous haul truck
XCMG showed off its latest electric equipment at last month’s Bauma China show, including an updated version of its of its 85-ton autonomous electric mining truck. Known as the ZNK95 (above), the truck features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. That’s too bad, too, because what operator wouldn’t want to experience a dedicated permanent magnet synchronous electric drive system capable of putting out 800 kW (1070 hp) and 22,000 Nm (16,200 lb-ft) of torque?
But autonomous solutions aren’t about hp and torque – they’re about keeping operators out of extreme and dangerouns environments. To that end, XCMG says its new HDEVs are fully capable of operating in high-altitude, extremely cold environments with temperatures as low as -40°C (a temp. that most diesels wouldn’t be able to start at, let alone run).
Even in those extreme climates, the XCMG gets the job done with an autonomous driving system that integrates a number of multiple cutting-edge technologies that combine environmental perception, decision-making and planning, vehicle control, and communication into a single dashboard that can be monitored by the fleet manager.
The system can even diagnose faults on individual vehicles and bring them back to service before they break down in the field – a huge potential problem if a truck or dozer gets caught underground!
The ZNK95 has already been deployed at a large, open-pit mine in Inner-Mongolia, China, that has adopted a comprehensive unmanned and electrified construction solution from XCMG Machinery for its latest “green” mining operation. The company says the mine will emit 149,000 fewer tons of harmful carbon emissions than it would with diesel haul trucks annually by the time its full order of ZNK95s is delivered in 2026.
But wait, there’s more …
If you needed a reminder that China is light-years ahead of the US when it comes to electrification tech (and, yes, I know light-years measure distance and not time – grow up), you should know that XCMG’s swappable battery tech, which features 400 kWh packs using BYD blade-style battery cells packed at a facility that’s run as a JV between XCMG and BYD, is such a non-event in a country that’s seen millions of swaps that it didn’t even merit a press release at Bauma.
In fact, the only reason I know about it at all was because I follow Etrucks New Zealand, an XCMG dealer, on LinkedIn, and he was talking it up.
“XCMG are by far the dominant EV exhibitor at Bauma Shanghai. Here a truck crane solution to swap construction machine batteries,” said Ross Linton, owner and President of Etrucks New Zealand. “Here a truck crane solution to swap construction machine batteries.”