In the days and weeks ahead, you will hear much more from us on our strategy to future-proof our business and enhance our capabilities in the clean energy space,” pledged Adnoc CEO Sultan al-Jaber as he opened the Adipec conference on 15 November. Delegates didn’t have long to wait. On 17 November, Adnoc announced a new JV with fellow state firm Taqa to develop a jaw-dropping 30GW of renewables.
Adnoc Chairman Sheikh Khaled bin Mohamed bin Zayed Al Nahyan launched the new global renewable energy and green hydrogen venture during the Adipec conference, in a move which looks to mark a watershed moment for the state energy giant. Adnoc is one of the world’s largest producers of crude oil, refined products and LNG, and amid the energy transition it is seeking to decarbonize these where possible even amid plans to boost output (MEES, 19 November). At the same time, it is also embarking on a mission to carve out a leading position in the low-carbon energy sources of the future. If successful, the new joint venture will prove a giant leap towards achieving this goal. (CONTINUED - 994 WORDS)