ADIPEC 2023, the world’s largest energy exhibition and conference, drew to a close today, with a record attendance of more than 184,000 visitors from 160 countries.
- Responding to Dr Sultan Al Jaber’s call to show the world industry is “central to the solution”, more than 40 ministers and 120 C-suite executives from across the globe came together to enable cross-industry alignment on ‘Decarbonising. Faster. Together.’
· Across the exhibition floor, over 2,200 energy companies demonstrated unity, forging paths to decarbonisation through action-oriented partnerships and strategic dialogues.
ADIPEC 2023 closed today, with the energy industry delivering a clear message that it is united in its commitment to decarbonise and supercharge an effective and global energy transition. Achieving record-breaking attendance of 184,000, ADIPEC 2023 was the largest edition to date.
Building on its nearly 40-year legacy, ADIPEC has expanded not just in size, but in reach. Convening global energy leaders and elevating voices from adjacent industries – including finance and technology – to accelerate urgent, collective action and game-changing solutions to decarbonise quicker and future-proof the energy system.
COP28 President-Designate, Dr Sultan Al Jaber, opened ADIPEC by calling on industry leaders “to show the world that, in fact, you are central to the solution” of the energy trilemma. Over four days the entire energy value chain answered his call, with more than 1,600 ministers and executives sharing knowledge and developing strategies to future-proof energy systems during 350 curated strategic conference sessions.
As the last major energy industry milestone before COP28 takes place in the UAE next month, ADIPEC tackled the core challenges of building the energy system of tomorrow – technology and innovation, investment, energy security and more – enabling the industry to demonstrate its commitment to lowering emissions without sacrificing economic growth where it is needed most.
Tayba Al Hashemi, Chair of ADIPEC 2023 and CEO of ADNOC Offshore said: “2023 has been a transformational year for ADIPEC. In response to the evolving needs of the industry, it has emerged bigger and bolder in its purpose and delivery. Uniting nations, industries, businesses, and individuals to take tangible steps towards decarbonisation and a cleaner, greener, more equitable future. With a critical year ahead on the journey to net-zero, ADIPEC has demonstrated the industry has the knowledge, capital, technology, and skill to take decisive action on climate change, decarbonise and transform our energy systems for the better”.
Reflecting the industry’s priorities, decarbonisation defined the ADIPEC 2023 agenda, which included critical conversations on achieving net-zero in heavy industries, such as aviation and cement production and how to develop circular economies.
Summarising the uniqueness of the challenges facing specific industries in their journey towards decarbonisation, Pavan Chilukuri, Vice President of CCUS Strategy at Holcim said: “Without decarbonising buildings, we will not reach zero. As the global population grows, the demand for construction will continue to increase. We are building a ‘New York city’ worth of buildings every month, and we are going to do so every year until 2040. The challenge is: how do we this with less carbon intensity?”
Meanwhile, during a session on asset portfolio models, Olivier Le Peuch CEO of SLB, said: “This industry, in the leadup to COP28, has recognised that its license to operate will be based on its ability to innovate: innovate for performance, innovate for decarbonisation. Higher value, lower carbon for the future of oil and gas. The industry has recognised this, now it needs to act.”
The 2023 edition of ADIPEC reinforced the event’s status as the premier platform for the energy industry to come together and do business. Among a wide range of deals agreed during the event, Baker Hughes announced a milestone electric-LNG award for ADNOC Ruwais LNG export terminal; Petrofac won a $600m contract with ADNOC; The Department of Economic Development announced Abu Dhabi will provide 100 investment opportunities with a combined market size of Dh123.3 billion ($33.5 billion) by 2027 and OXY subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the UAE.
More than 2,200 companies, 30 country pavilions and over 350 curated sessions, ADIPEC 2023 continued to build on its legacy as the ultimate international platform the energy sector.
Christopher Hudson, President of dmg energy, said: “As we bring another successful ADIPEC to a close, it has been incredible to see the momentum to drive forward decarbonisation solutions and build the energy system of tomorrow. The outcomes of the productive discussions that have taken place will reverberate throughout the industry and beyond, and I look forward to seeing what can be achieved between now and ADIPEC 2024.”
About ADIPEC:
Held under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by ADNOC, ADIPEC will take place in Abu Dhabi on October 2-5, 2023, under the theme of ‘Decarbonising. Faster. Together.’
Built on a nearly 40-year legacy of innovation and evolution, ADIPEC brings together the ideas, ambition, technology and capital needed to decarbonise and create the energy system of the future, faster. It unites key stakeholders from across the energy value chain to accelerate urgent, collective and responsible action, produce credible, game-changing solutions, and foster the transformational progress needed to create an inclusive, future-proof energy system.
Across 350 unique sessions comprising strategic and technical conferences, ADIPEC 2023 will welcome more than 1,600 speakers – including government ministers, CEOs, policymakers, energy experts and innovators – to rally industries, sectors and individuals around a common cause, encouraging collaboration and the action required to advance the world’s decarbonisation goals.
As the UAE prepares to welcome global leaders to COP28 in November 2023, ADIPEC will help frame diverse conversations that complement the nation’s goal of delivering a COP of collaborative action, while driving investment into the clean energies of the future.
About ADNOC:
ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximise the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.
