ADNOC sets up new low carbon, international growth vertical

ADNOC sets up new low carbon, international growth vertical

Abu Dhabi National Oil Company has established a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG) and chemicals, the group announced on Tuesday. Musabbeh Al Kaabi has been appointed Executive Director of the new vertical. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: “The Low Carbon Solutions & International Growth vertical will accelerate delivery of our decarbonisation roadmap and advance our Net Zero by 2050 ambition. As the UAE prepares to host COP28 next year, we will continue to focus on practical and positive solutions that drive progress for the climate and the economy. “With the direction and support of our nation’s wise leadership and the ADNOC Board, ADNOC is embarking on a new and exciting period of accelerated growth, with a determined focus on sustainability that will help future-proof our business for decades to come.” The announcement comes barely a week after UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan presided over the annual meeting of the ADNOC Board of Directors