Rio Tinto, the world’s largest mining group, has pulled out of a joint venture with BP to develop a US$2 billion (Dh7.34bn) clean-energy project in Abu Dhabi.
The hydrogen power development also involved the Abu Dhabi Government’s alternative energy company Masdar and the Abu Dhabi National Oil Company (ADNOC).
It was designed to be part of a scheme to develop a carbon capture and storage (CCS) network for Abu Dhabi, using industrial carbon dioxide emissions to enhance the productivity of oilfields before storing the waste gas permanently underground.
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