ADNOC Fuel has signed a long-term settlement valued between $3.5 billion and $4.2 billion to provide lower-carbon pure fuel to EMSTEEL, one of many UAE’s largest built-in metal and constructing supplies producers. The 20-year contract, efficient Jan. 1, 2027, secures feedstock for EMSTEEL’s industrial operations whereas increasing ADNOC Fuel’ long-term income portfolio.
The deal reinforces the businesses’ longstanding partnership and helps the UAE’s broader technique to strengthen home industrial capability with cleaner-burning vitality sources. EMSTEEL will use the contracted fuel to scale manufacturing, advance its green-steel initiatives and enhance effectivity throughout its worth chain.
Fatema Al Nuaimi, CEO of ADNOC Fuel, mentioned the settlement “underpins ADNOC Fuel’ function in boosting the UAE’s industrial progress and financial improvement,” including that the corporate stays dedicated to delivering dependable, lower-carbon vitality to strategic home sectors.
EMSTEEL Group CEO Saeed Ghumran Al Remeithi mentioned the partnership “displays the power of collaboration between two nationwide champions,” offering long-term vitality safety whereas supporting in-country worth and the UAE’s industrial resilience.
The announcement follows the latest ADNOC Board assembly held on the firm’s Habshan advanced, highlighting ADNOC Fuel’ strategic function within the UAE’s vitality system. Board members reviewed ongoing growth applications in processing, compression and sustainability geared toward supporting nationwide vitality safety and long-term industrial progress.