Adnoc signs contracts worth over Dhs1 billion with four companies

Abu Dhabi National Oil Company (Adnoc) has signed contracts worth over Dhs1 billion with four Abu Dhabi companies to provide food catering services to all Adnoc Group companies from 2022 to 2027.

With more than 50 per cent of the value from the four contracts flowing back into the UAE economy, as part of Adnoc’s In-Country Value (ICV) programme, it reinforces Adnoc’s commitment to supporting local businesses and the growth and diversity of the UAE’s food industry by encouraging further procurement of local food products, by the four companies.

The contracts were signed on the sidelines of the inaugural Abu Dhabi International Food Exhibition with Royal Catering, Apex National Catering, National Corporation for Tourism & Hotels (NCT&H) and Sodexo Kelvin.

The signings were witnessed by Dr. Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Adnoc; Mariam Bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Saeed Al Bahri Al Ameri, Director-General, Abu Dhabi Agriculture and Food Safety Authority (ADAFSA).

Dr Al Jaber said, “Across our onshore and offshore operations, Adnoc and its contractors have significant requirements for high quality food catering services that address the needs of our large and diverse workforce. We are delighted to sign new agreements with four leading local companies, reinforcing our commitment to use domestic suppliers and contractors and ensuring the growth, development, and diversification of local industry.

“By working with local companies and encouraging the use of more made-in-the-UAE products we will also support the growth of the UAE food industry, a critical enabler of our national food security strategy.”

Adnoc employs people from over 100 different nationalities, in its businesses, that include 14 companies operating across the full energy value chain. Every year it provides over 45 million meals to meet the dietary needs of its employees and contractors, many working in remote offshore and onshore sites. Adnoc accelerates delivery of low carbon growth strategy to continue responsibly meeting global energy needs

Low carbon strategy: Abu Dhabi National Oil Company (Adnoc) is accelerating operationalisation of its board mandated low carbon growth strategy, by establishing 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. Musabbeh Al Kaabi has been appointed Executive Director of the new vertical.

The creation of the Low Carbon Solutions & International Growth vertical builds on the company’s successful track record in responsibly and sustainably supplying energy to the world. It will play an important role in advancing the company’s ongoing transformation, which has included a steadfast focus on the decarbonisation of its operations, energy efficiency and operational excellence, reductions in methane emissions, advancing CCUS to cut CO2 emissions, and the use of renewable and other zero-carbon energy sources.

Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (Adnoc), 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. To lead and drive the delivery of our new mandate, I am pleased to announce the appointment of Musabbeh Al Kaabi to the role of Executive Director, Low Carbon Solutions & International Growth, with effect from 16th January 2023.”

Since its inception, Adnoc has been focused on sustainability, including eliminating routine flaring of natural gas across its operations. Its investments in the early 1980s to gather and process flared gas have been instrumental in mitigating the negative environmental impacts associated with flaring. The company recently set a new upstream methane intensity target of 0.15 per cent by 2025, which is the lowest in the Middle East, and plans to continue to reduce methane emissions through the use of flare gas recovery systems and regular leak detection and repair programmes.

As part of its commitment to cutting emissions, Adnoc is building on the success of the region’s first commercial-scale carbon capture, utilisation and storage (CCUS) facility, to increase its CO2 capture capacity by over 500 per cent, to approximately 5 million tonnes per year by 2030. This will be achieved by capturing additional CO2 from its gas processing plants and other sources of CO2 emissions. Meanwhile, in collaboration with industry partners, academia, and research institutes, Adnoc is exploring opportunities to advance CCUS technology development and deployment, while driving down its costs.

WAM