2023-05-11 14:12:14
ADNOC Distribution has signed a partnership agreement with Emerg, a subsidiary of Abu Dhabi Future Energy Company “Masdar” and “EDF”, to install panels to generate electricity from solar energy at the company’s stations nationwide.
Work on the project will begin in 2023, starting from Dubai, with the aim of providing ADNOC service stations with clean energy.
Under the agreement, Emerg will provide ADNOC Distribution with an integrated package of solutions that includes financing, design, procurement, installation, operation and maintenance services for solar panels at the company’s new service stations in the Emirate of Dubai. In addition, the solar panels used in the existing stations will be upgraded.
Under its comprehensive plan for sustainability, the use of solar energy is among the initiatives that ADNOC Distribution has pledged to commit to reducing emissions from its operations and reducing its carbon intensity by 25% by 2030.
The company also announced its intention to explore more opportunities available to take advantage of solar energy to reduce the carbon footprint of its industrial facilities nationwide.
Engineer Badr Saeed Al-Lamki, CEO of ADNOC Distribution, said: We at ADNOC Distribution believe in the importance of applying the concept of sustainability to reach our future vision, as the partnerships that we conclude with the most important pioneers in this field will play a major role in that. We also look forward to collaborating with Masdar, Emerg and EDF to support our ambitious plans for sustainability, while also working to enhance our competitiveness, develop the overall performance of our operations, and raise overall efficiency rates at the company level.
He added: This partnership is considered one of the most important achievements of ADNOC Distribution in light of its continuous pursuit to achieve the highest levels of efficiency in energy consumption, in addition to supporting the company’s goals for sustainability in general.
The partnership with Emerg is an affirmation of the company’s commitment to taking concrete measures to reduce carbon emissions resulting from its operations, in addition to achieving sustainable and long-term value for the benefit of its shareholders.
Mohammed Jamil Al-Ramahi, CEO of Masdar, said that the project highlights the pioneering role played by Masdar and Emerg in helping various sectors, whether in the country or abroad, to reduce carbon emissions. We look forward to cooperating with ADNOC Distribution to achieve its carbon emissions reduction targets, while continuing to support the country’s clean energy strategy.
For his part, Luke Koechlin, CEO of EDF Group in the Middle East, said: We stand on the cusp of launching the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) to support plans to reduce the carbon intensity resulting from the operations of the commercial and industrial sector in the region. The Middle East; By supporting the project that ADNOC recently launched, we can pave the way for a more sustainable future.
He added: We are pleased to cooperate with ADNOC Distribution to achieve our common goal of raising the industrial sector’s awareness of the importance of reducing the carbon footprint, and strengthening efforts aimed at achieving climate neutrality in the region.
It is worth noting that, in January 2023, ADNOC Distribution was able to become the first company working in the field of fuel distribution and operating retail stores in the UAE to succeed in benefiting from sustainable financing, by converting an existing long-term loan of US $ 1.5 billion (5.5 billion dirhams) into a loan. Linked to sustainability goals, in partnership with First Abu Dhabi Bank.
The company also later announced more initiatives related to sustainability, including developing a mix of sustainable energy sources to fuel its fleet of vehicles, and developing a range of low-carbon products to meet customer needs, confirming ADNOC Distribution’s commitment to achieving sustainable growth through continuous innovation and development. New energy solutions.
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