Mobility retailer Abu Dhabi National Oil Co (ADNOC) said the company is shifting its heavy vehicle fleet to B20 biofuel aiming for 15% reduction in CO2 emissions from the fleet and reducing carbon footprints.
Earlier this year, ADNOC Distribution said it converted a $1.5 billion term loan linked to sustainability. This service is a penalty or incentive approach that ties the loan to sustainability indicators. With a reduction in greenhouse emissions intensity as one of the loan’s two key performance indicators, decarbonization represents both a strategic imperative and a financial commitment said the firm.
The biofuel blending process takes place at a state facility located in Madinat Zayed, Abu Dhabi said ADNOC. Through this initiative it reduces carbon emissions associated with transportation.
B20 biofuel is a type of fuel blend that consists of 20% biodiesel and 80% traditional fossil diesel. Biodiesel is a renewable fuel made from biological sources, such as vegetable oil, animal fat, or other organic materials.
ADNOC is a diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, the company supplies fuels and liquefied petroleum gas (LPG) to corporate customer.
Bader Saeed Al Lamki, chief executive of ADNOC said, “We are delivering on our commitment to using biofuel to power our fleet and help reduce our carbon intensity by 25% by 2030.”
“By incorporating B20 biofuel into our operations, ADNOC Distribution is taking a vital step toward securing a more sustainable future,” said Al Lamki and he continued to add, “This initiative underscores ADNOC Distribution’s dedication to a future-focused strategy and supports the UAE’s Net Zero by 2050 strategic initiatives.”
