Supports job creation and socioeconomic development through the launch of the ICV Program focused on building manufacturing capabilities within the UAE. Launches $600 million (AED2.2 billion) Ruwais Waste Heat Recovery project to produce 230MW of electricity per day. 2018 Becomes shareholder in Masdar, Abu Dhabis Future Energy Company, as the company works to boost renewable energy capacity to more than 100GW by 2030 and produce 1 million tonnes per annum of low- carbon hydrogen. Closes $3.8 billion (AED13.96 billion) transaction with TAQA to electrify and decarbonize ADNOCs offshore production operations by up to 50%. Contributes more than $10.7 billion (AED39.8 billion) to the UAE economy, bringing the total In-Country Value spend since the programs launch to $39.3 billion (AED145 billion). 0.15% 10 million mangroves by 2030 to increase capacity to absorb CO 2 and other greenhouse gases, support biodiversity and provide marine life habitat. Commits to planting by 2025. Sets new upstream methane intensity target of 1971 ADNOC founded by the late His Highness Sheikh Zayed bin Sultan Al Nahyan to ensure responsible stewardship of Abu Dhabis oil and gas resources and drive the UAEs economic development. Our Starting in the 1970s ADNOC was an early mover in capturing associated gas to produce LNG, create value and reduce methane emissions. 1970s foundation We harness energy resources in the service of our nation. His Highness Sheikh Zayed bin Sultan Al Nahyan 25 Energy for Life