United Arab Emirates Enhances Focus on Green Energy Sector

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Researched by Industrial Info Resources (Sugar Land, Texas)--The petrochemical industry in the United Arab Emirates (UAE) continues its drive toward increasing capacity, diversification and consistent growth in the green energy sector. In pursuit of the Economic Vision 2030 policy and net zero in its chemical industry, the UAE is investing in diverse projects such as renewable energy, green hydrogen, blue ammonia via carbon capture and waste-to-energy by recycling plastic waste, among others.

The Abu Dhabi National Oil Company (ADNOC) is the biggest and most important investor in United Arab Emirates (UAE)--owning and operating a large number of petrochemical and refining facilities through its biggest subsidiary Borouge and other partners--along with other companies like Abu Dhabi Development Holding Company (ADQ).

Industrial Info is tracking 54 capital-spending projects in the UAE's Chemical Processing Industry, with an estimated investment value of around US$19.45 billion. ADNOC tops the list with $10.58 billion for 16 projects, followed by Department of Energy UAE with US$3 billion for two projects.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).