Adnoc is diversifying into low carbon ventures with a new vertical focused on renewables, low carbon technologies and gas.
Jeffrey Beyer, managing director of Zest Associates, a Dubai-based consultancy that develops sustainability solutions for governments and companies, commented:
“Adnoc forming a new vertical focused on clean energies and low carbon solutions shows that the UAE is pulling out the big guns to advance its low carbon agenda as it gets ready to host Cop28 next year,” he told AGBI.
“Adnoc has a colossal budget and deep engineering expertise that it can use to develop technologies like renewables, clean hydrogen and carbon capture and storage.
“To continue to prosper, companies need to find new ways to leverage and adapt their existing capabilities to thrive in a net zero future.
“The fact this new vertical will be led by Musabbeh Al Kaabi from Mubadala also shows that the UAE is willing to share talent across its most influential companies.”
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