ADNOC Distribution explores new investment opportunities
October 03, 2023 / 12:05 AM
Sharjah 24 – WAM: Eng. Badr Saeed Al Lamki, CEO of ADNOC Distribution, affirmed that the company continues to explore attractive investment opportunities and expand into new markets that can deliver lucrative returns for shareholders.
Al Lamki stated in remarks to the Emirates News Agency (WAM) on the sidelines of the ADIPEC 2023 exhibition and conference, "We are continuing to search for new investment opportunities as part of our expansion plans, and they will be announced at the appropriate time after meeting all necessary conditions and regulatory approvals."
He added that ADNOC Distribution has a clear roadmap to reduce carbon emissions from its operations by 25 percent by 2030 and achieve climate neutrality by 2050, aligning with the UAE's goals towards achieving net-zero emissions.
Al Lamki explained that ADNOC Distribution has already started implementing sustainable energy projects at its fuel distribution stations, including electricity generation through photovoltaic cells and introducing electric vehicle charging services at ADNOC Distribution stations, with 32 charging points strategically located across the country.