ADNOC to pursue a net zero by 2050 ambition

ADNOC to pursue a net zero by 2050 ambition

During the meeting, which was held at Adnoc headquarters, the board directed Adnoc to pursue a Net Zero by 2050 ambition to support the UAE Net Zero by 2050 Strategic Initiative.

The board also approved Adnoc ’s strategy to accelerate growth across its value chain to responsibly meet rising energy demand and support global energy security. As part of the strategy, Adnoc will establish a new Low Carbon Solutions & International Growth vertical focused on new energies, gas, liquefied natural gas (LNG) and chemicals.

Sheikh Mohamed bin Zayed praised Adnoc’s steps to further reduce its carbon footprint as it expands its operations to meet rising global energy demand. His Highness noted Adnoc’s comprehensive approach to sustainability is testamanent to the UAE’s commitment to remaining a responsible global energy provider and to enabling a more sustainable future.

Sheikh Mohamed bin Zayed underlined Adnoc’s important role as a primary catalyst for the UAE’s growth and diversification and commended the company for maximizing value for the nation and creating new economic and industrial opportunities for the private sector. His Highness praised Adnoc’s efforts to drive industrial growth through its In-Country Value (ICV) program and its support for the ‘Make it in the Emirates’ initiative.

This year, Adnoc’s