ADNOC Gas, in partnership with Baker Hughes, an energy technology company, has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant.
The installation marks the first-ever deployment of the technology at an operational gas processing site. Carbon will be captured from methane, the main constituent of natural gas, and transformed into graphene, a material set to shape the future of multiple industrial applications.
The LOOP unit is capable of producing more than one tonne per annum (tpa) of graphene and one tpa of hydrogen, making it a dual-purpose innovation aligned with global energy transition goals. Future industrial-scale installations are expected to deliver 15 tpa.
Data collected during the pilot will be used to refine the ongoing development of AI modelling and digital twins to minimise energy consumption and maximise graphene output from future installations as part of Levidian’s growing fleet of LOOP units.
The graphene produced at the Habshan complex will be evaluated and utilised by ADNOC’s Technology team to explore possible applications.
Graphene has the potential to be used across industries from enhancing the performance of electric vehicle batteries and solar panels to creating stronger, more durable materials such as concrete, tires, and polymer pipes.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
The Ministry of Justice said seven companies reportedly based in the UAE and sanctioned by the United States for ties to Sudan do not operate in the country.
Dubai Police announced on Friday it arrested 222 beggars during Ramadan and Eid, after a campaign was launched under the slogan “An Aware Society, Free of Begging,” in partnership with other government entities.