ADNOC sells Al Ruways waste management plants to tri-party consortium

ADNOC sells Al Ruways waste management plants to tri-party consortium

ADNOC Refining, a joint venture company between the Abu Dhabi National Oil Company (ADNOC), Eni, and OMV, has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest), to acquire its waste management operations in Al Ruways Industrial City.

Under the agreement, signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), ADQ, Veolia, and Vision Invest consortium will own and operate two world-scale waste management plants, which sustainably treat and dispose of industrial waste generated from across ADNOC’s operations.

The agreement supports ADNOC’s role as a catalyst for the UAE’s economic growth and industrial diversification by attracting additional international investment and strategic partnerships with Al Ruways. The partnership will also enhance the competitiveness of ADNOC Refining by allowing the company to focus on its core refining operations.

Abdulla Ateya Al Messabi

CEO – ADNOC Refining “We welcome the consortium as our latest strategic partners in Al Ruways. This agreement demonstrates ADNOC’s focus on ADNOC Classification: Public forging strategic partnerships to promote capital efficiency and unlock growth opportunities in Al Ruways and Abu Dhabi as a leading destination for international investors. The partnership also supports the UAE’s industrial