ADIPEC 2024, which took place in Abu Dhabi from 4-7 November, under the theme of Decarbonising. Faster. Together., convened global energy leaders and leading voices from across the energy ecosystem to accelerate urgent, collective action and game-changing solutions to decarbonise quicker and future-proof the energy system. The US$600 million increase in commercial deals, up from the US$8.2bn figure recorded in 2022, reinforces the event as a leading global platform for the energy industry to come together, do business and push the global energy transition agenda forward, towards a cleaner, more secure and sustainable future. During ADIPEC, ADNOC announced its investment in the Hail and Ghasha offshore development project that aims to operate with net zero carbon dioxide emissions, a first globally. The company also announced the Habshan carbon capture, utilisation, and storage (CCUS) project, in Abu Dhabi, which will be among the largest carbon capture projects in the Middle East and North Africa region. Occidental subsidiary, 1PointFive, and ADNOC also signed an agreement to explore the feasibility of a 1 million tonne-per-year direct air capture (DAC) facility in the UAE. In addition, a milestone electric-liquefaction train system was awarded for ADNOC’s Ruwais LNG export terminal, supporting the plant’s clean power processes as one of the lowest carbon intensity LNG facilities in the world. Meanwhile, OMV and Wood signed an agreement for the commercial licensing of OMV’s ReOil technology, which converts end-of-life plastic waste into pyrolysis oil, a valuable renewable energy resource that replaces conventional fuels while enhancing the circularity of plastics. Discussing the impact of this year’s event, Tayba Al Hashemi, Chair of ADIPEC 2024 and CEO of ADNOC Offshore, said: “The record-breaking 40th edition of ADIPEC has successfully convened the leading minds across multiple industries and geographies to drive value creation opportunities and innovative solutions to shape a more sustainable energy future. With a dedicated focus on the transformative potential of AI, ADIPEC has provided a global platform to unlock the economic opportunities that can be realised by collaborating across sectors. We will build on this momentum as we look forward to an even more impactful ADIPEC in November 2025”