ADNOC and Siemens Energy have announced plans to pilot blockchain technology to certify the carbon intensity of a range of products.
By using smart sensor data gathered from across ADNOC’s operational chain – from the oil well right to the customer – the pilot will show how much CO2 was used to make products such as Murban crude, ammonia, and aviation fuels. This information will be automatically recorded onto a decentralised blockchain ledger.
Such transparency will allow independent regulators to certify the carbon intensity of products. It will also give customers greater confidence and clarity over the carbon footprint of their purchases, ADNOC said,
The low-carbon energy certificate initiative forms part of a broader memorandum of understanding between ADNOC and Siemens Energy. Under the agreement, specialists from both companies will co-create technologies to accelerate decarbonisation and the transition to clean energy. They will collaborate at ADNOC’s innovation facility in Abu Dhabi. Other areas under joint development include electrification and “Power-to-X” technologies to produce green hydrogen and its derivatives, including synthetic CO2-derived products.
Under an agreement, signed at ADIPEC, collaboration between ADNOC and the Siemens Energy Innovation Center will commence by the end of the fourth quarter of 2022.