Adnoc Distribution, the UAE’s leading fuel and convenience retailer, is accelerating its electric vehicle (EV) charging point expansion for the upcoming year. The company’s CEO is steering towards having a total of 50 operational charging points by the end of 2023, with plans to strategically position them along high-demand highways, serving the commuting needs from Al Ain to Abu Dhabi, Abu Dhabi to Dubai, and Abu Dhabi to the Al Dhafra region.
In an interview with The National, Bader Al Lamki emphasized the importance of addressing the potential need for recharging during these essential journeys. He stated, “We’re actively paving the way for the widespread adoption of EVs by rapidly expanding our network of charging points. By the end of the year, we anticipate having 50 charging stations seamlessly integrated into our network, catering to the increasing demand for electric cars.”
He went on to declare, “We are well-prepared and actively covering the highways. We firmly position ourselves as a crucial driving force behind EV mobility in the years ahead.”
Adnoc Distribution, the leading fuel and convenience retailer in the UAE, is gearing up to significantly expand its electric vehicle (EV) charging infrastructure in the coming year. The company’s CEO is driving forward an ambitious plan to have 50 operational charging points in place by the end of 2023, with a strategic focus on convenient locations.
With a vast network of more than 500 service stations across the UAE, Adnoc Distribution intends to strategically position these charging points along high-demand highways, ensuring that commuters have easy access to charging facilities on critical routes such as Al Ain to Abu Dhabi, Abu Dhabi to Dubai, and Abu Dhabi to the Al Dhafra region.
In a recent interview with The National, Bader Al Lamki, the company’s CEO, highlighted the significance of addressing the growing need for recharging during these essential journeys. He stated, “We are actively paving the way for the widespread adoption of electric vehicles by rapidly expanding our network of charging points. By the end of the year, we anticipate having 50 charging stations seamlessly integrated into our network to meet the surging demand for electric cars.”
This initiative underscores Adnoc Distribution’s commitment to facilitating the transition to electric vehicles in the UAE and making EV charging more accessible and convenient for residents and travelers alike.
He announced, “We are well-prepared and actively covering the highways. We firmly position ourselves as a crucial force driving EV mobility in the years ahead.”
Adnoc Distribution, currently overseeing 38 EV charging points, partnered with Abu Dhabi National Energy Company (Taqa) in January to establish E2GO, a dynamic joint venture dedicated to constructing and managing electric vehicle infrastructure in Abu Dhabi.
Eager to become the leading provider of EV charging points and associated infrastructure throughout the UAE capital, E2GO sets its sights on meeting the growing demand for electric vehicles. Adnoc Distribution estimates that approximately 70,000 charging points will be necessary in Abu Dhabi by 2030 to meet the increasing appetite for EVs, requiring a substantial investment of up to $200 million.
In this exciting partnership, E2GO is poised to initiate a revolution, lighting the way for a sustainable and energy-efficient future in the dynamic landscape of Abu Dhabi.
Adnoc Distribution is actively advancing its sustainability mission by not only adopting biofuel for its heavy vehicle fleet but also aiming to provide this eco-friendly solution to its B2B clientele, as stated by Mr. Al Lamki.
The company’s dedication to reducing its carbon footprint is evident in its recent use of B20 biofuel, derived from repurposed waste cooking oil, to power its fleet responsible for supplying fuels and liquefied petroleum gas to corporate customers.
Furthermore, exciting plans are in progress to make this low-carbon fuel available to regular consumers, pending guidance from the energy ministry.
“Since the announcement, the market has certainly taken notice,” shared Mr. Al Lamki.
Biofuels, recognized as a greener alternative to traditional petroleum-based fuels, harness their power from renewable sources such as fresh and recycled vegetable oils, as well as animal fats.
Despite their environmentally friendly appeal, these biofuels only constitute a small portion, around 3 percent, of the global liquid fuel demand, which stands at approximately 100 million barrels per day, according to a report by Wood Mackenzie from the previous year.
In a positive financial update, Adnoc Distribution has reported a strong 9 percent increase in profits during the third quarter, driven by a significant double-digit growth in fuel sales.
During the three months ending in September, the net income attributable to equity holders of the company rose to Dh835.4 million ($227.5 million), marking an impressive increase. Furthermore, the revenue for this reporting period showed a healthy 4.5 percent annual growth, reaching Dh8.94 billion.
With expectations of continued momentum, Mr. Al Lamki foresees a sustained upswing in the fourth quarter, perfectly aligned with the peak winter season in the UAE.
“There is a multitude of activities, outdoor festivals, and exciting events planned between now and the end of the year,” he eagerly shared. With a positive outlook, he confidently stated that this upward trend is expected to persist.
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