ADNOC Gas, in partnership with Baker Hughes, an energy technology company, has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant.
The installation marks the first-ever deployment of the technology at an operational gas processing site. Carbon will be captured from methane, the main constituent of natural gas, and transformed into graphene, a material set to shape the future of multiple industrial applications.
The LOOP unit is capable of producing more than one tonne per annum (tpa) of graphene and one tpa of hydrogen, making it a dual-purpose innovation aligned with global energy transition goals. Future industrial-scale installations are expected to deliver 15 tpa.
Data collected during the pilot will be used to refine the ongoing development of AI modelling and digital twins to minimise energy consumption and maximise graphene output from future installations as part of Levidian’s growing fleet of LOOP units.
The graphene produced at the Habshan complex will be evaluated and utilised by ADNOC’s Technology team to explore possible applications.
Graphene has the potential to be used across industries from enhancing the performance of electric vehicle batteries and solar panels to creating stronger, more durable materials such as concrete, tires, and polymer pipes.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.