Adnoc Distribution, the UAE’s largest fuel and convenience retailer, plans to reduce its carbon intensity by 25 per cent by 2030.
The move is aimed at decarbonising its operations by reducing its Scope 1 carbon emissions, which come directly from its operations, and Scope 2 carbon emissions, from the energy it uses in its operations, the company said on Friday in a filing on the Abu Dhabi Securities Exchange, where its shares are traded.
Adnoc Distribution said it would install solar panels to power service stations, use biofuels in its fleet of vehicles and expand its network of electric vehicle charging stations, in addition to using eco-friendly “green concrete”, in the construction of service stations.
“The adoption of a sustainable energy mix for our fleet of vehicles and the use of solar energy in our service stations, in addition to rolling out lower carbon intensity products for our customers, underlines our commitment to sustainable growth,” said chief executive Bader Al Lamki said.
Recently, Adnoc Distribution converted an existing $1.5 billion term loan into a sustainability-linked funding, in partnership with First Abu Dhabi Bank as environmental, social, and governance co-ordinator.
The loan works along the lines of a penalty/incentive model based on sustainability indicators. In addition to FAB, Abu Dhabi Commercial Bank, Bank of China, Standard Chartered and Industrial and Commercial Bank of China are parties to the loan.
“By linking our financing objectives to sustainability indicators, we are placing sustainability at the core of our day-today operations,” said Mr Al Lamki.
The company said it will apply its sustainability initiatives across its entire network in the UAE and Saudi Arabia.
In 2022, Adnoc Distribution introduced the Voyager Green Series range of lubricant products for both petrol and diesel engines, made from 100 per cent plant-based base oil as part of its overall strategy to continue expanding sustainable and environmentally friendly products.
The company is already offering alternative fuels across its network, including compressed natural gas fuel at 31 stations in the UAE, as well as a fully dedicated Abu Dhabi station.
As part of supporting the UAE’s efforts to becoming net zero by 2050, the company recently formed a joint venture with Abu Dhabi National Energy Company, better known as Taqa, to build and operate EV infrastructure in Abu Dhabi.
The new company, E2GO, aims to become the principal provider of EV charging points and associated infrastructure across the UAE capital.
The partnership will include a network of fast chargers at key locations, with associated solutions such as parking and tolling services, in addition to related digital platforms to boost EV charging.
Adnoc Distribution, which reported a 45 per cent surge in its third-quarter profit, had 481 retail fuel stations and 366 convenience stores in the UAE as of September 30.
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
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COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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WHEN TO GO:
September to November or March to May; this is when visitors are most likely to see what they’ve come for.
WHERE TO STAY:
Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.
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Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.
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Zayed Sustainability Prize
'THE WORST THING YOU CAN EAT'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
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