ADNOC to deploy solar panels at stations to decarbonize operations

The company applied for a $1.5 billion loan hoping to reduce carbon intensity by 25% in 2030.

ADNOC Distribution has plans to reduce its carbon intensity by 25% in 2030, by putting sustainability at the core of its day-to-day operations to future-proof its business and deliver sustainable long-term shareholder value.

The company said it will install solar panels to power service stations and use biofuels in its fleet of vehicles, in addition to expanding its network of EV charging stations. In addition, it will utilise ‘green concrete’, that is eco-friendly and has a smaller carbon footprint than traditional concrete, in the construction of new service stations.

ADNOC has also become the first United Arab Emirates fuel and convenience retailer to tap into sustainable financing, by converting an existing 1.5 billion dollar term loan into a sustainability-linked one in partnership with First Abu Dhabi Bank PJSC (FAB) as ESG Coordinator.

“By decarbonizing our business, through greater energy efficiencies and the use of cleaner fuels, and linking our financing objectives to sustainability indicators, we are placing sustainability at the core of our day-to-day operations, ensuring we continue to future-proof our business and deliver sustainable long-term shareholder value,” said Bader Saeed Al Lamki, CEO of ADNOC.

Al Lamki confirmed ADNOC Distribution will apply its sustainability initiatives across its entire network in the UAE and Kingdom of Saudi Arabia. As one of the UAE’s largest fuel retailers, the brand has already been offering alternative fueling operations across its network, including compressed natural gas fuel which is available at 31 of its stations in the UAE, as well as a fully dedicated Abu Dhabi station.