The agreement with ADPC paves the way for the introduction of a scheme for carbon dioxide capture from industrial facilities as well as the development of carbon emission reduction and monetization opportunities under the Kyoto Protocol’s Clean Development Mechanism (CDM).
When completed Phase (1) of KPIZ will comprise of a world-class container and industrial port and more than 100 square kilometers of industrial, logistics, commercial, educational as well as residential, special economic and free zone.
“We are very pleased to be collaborating with Masdar on this important initiative to capture and reduce carbon emissions from the Khalifa Ports and Industrial Zone (KPIZ). Our aim is to become the world’s first green industrial zone with integrated carbon capture facilities to reduce CO2 emissions.
This will facilitate the development of heavy industry in the zone with limited environmental impact “said Mr. Ali Al Badi, CEO of Abu Dhabi Ports Company (ADPC).
“Abu Dhabi Ports Company’s (ADPC) aims to make the Khalifa Ports and Industrial Zone (KPIZ) a green zone is a significant contribution towards building a sustainable future in Abu Dhabi, and Masdar will be working closely with ADPC to introduce low-carbon technologies to the industry,” said Dr. Sultan Al Jaber, Masdar CEO.
Strategically located between the cities of Abu Dhabi and Dubai in Taweelah, Khalifa Port and Industrial Zone (KPIZ) is a multi-billion dollar project designed as a multi-purpose facility that involves the construction of a world-scale container and industrial port in addition to the development in phase 1 of over 100 square kilometers of industrial, logistics, commercial, educational, as well as residential special economic and free zones.