ADNOC Distribution, the state-owned company specialized in the national and international marketing and distribution of petroleum products, on Friday announced plans to reduce its carbon intensity by 25% by 2030 by putting sustainability at the core of its day-to-day operations.
The fuel retailer said it will work to decarbonise operations by reducing its Scope 1 carbon emissions, which come directly from its operations, and its Scope 2 carbon emissions, which come from the energy it uses to run its operations.
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. It will utilise “green concrete”, which is eco-friendly and has a smaller carbon footprint than traditional concrete, to construct new service stations.
ADNOC Distribution has also become the first UAE fuel and convenience retailer to tap into sustainable financing by converting an existing U$1.5 billion term loan into a sustainability-linked one in partnership with First Abu Dhabi Bank (FAB) as ESG Coordinator.
On Thursday, ADNOC Distribution, signed an agreement with Abu Dhabi National Energy Co to work together to establish a mobility joint venture, E2GO, to build and operate electric vehicle (EV) infrastructure in Abu Dhabi and the wider UAE.
