Sheikh Mohamed graces opening of Abu Dhabi Sustainability Week - GulfToday

Sheikh Mohamed graces opening of Abu Dhabi Sustainability Week

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Sheikh Mohamed Bin Zayed stands for a group photo with Heads of State and other officials during the opening ceremony of the World Future Energy Summit 2020 on Monday. WAM

His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, along with a number of world leaders on Monday attended the opening of Abu Dhabi Sustainability Week, ADSW 2020.

Held under the theme “Accelerating Sustainable Development”, Abu Dhabi Sustainability Week is being held at the Abu Dhabi National Exhibition Centre.
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Sheikh Mohamed looks on as Danny Faure, President of the Seychelles, presents an award to a representative from The Impact School, Colombia, the winners of the Global High Schools Prize, Americas region. WAM

 

ADSW is a global platform for accelerating the world’s sustainable development. The week brings together a unique fusion of policy makers, industry specialists, technology pioneers and the next generation of sustainability leaders.

Through its initiatives and events, the gathering is a catalyst for sharing knowledge, implementing strategies and delivering solutions to drive human progress.

His Highness Sheikh Mohamed Bin Zayed met several global leaders taking part in Abu Dhabi Sustainability Week, ADSW 2020.

Sheikh Mohamed held meetings with each of the following: President Armen Sarkissian of Armenia; President Paul Kagame of Rwanda; President Danny Faure of Seychelles, and President Jioji Konrote of Fiji.
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Sheikh Mohamed presents an award to a representative from ‘Globhe,’ the winners of the Zayed Sustainability Prize for Health. WAM

The meetings dealt with bilateral relations between each of the countries with the UAE and means to further support and develop. Meeting participants also discussed with His Highness regional and global developments of common interest.

They also held talks on Abu Dhabi Sustainability Week proceedings, and the importance of promoting sustainable development work that impacts society as a whole.
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Sheikh Mohamed and Joko Widodo present an award to a representative from ‘Electricians With our Borders,’ the winners of the Zayed Sustainability Prize for Energy. WAM

Sheikh Mohamed Bin Zayed and Joko Widodo, President of the Republic of Indonesia, witnessed the exchange of signed agreements between the Abu Dhabi National Oil Company (Adnoc) and Indonesia’s Pertamina and Chandra Asri. Pertamina and Adnoc signed a Memorandum of Understanding (MoU) to explore potential development of a Crude to Petrochemicals complex in Balongan, Indonesia as well as a Sales Agreement in which Ad will supply Pertamina with up to 528,000 MT of LPG by the end of 2020. Chandra Asri and Adnoc also signed a MoU to explore potential supply of naphtha to Chandra Asri in Indonesia that would be utilized as a feedstock for their current and potential new cracker complex in Indonesia.

Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, signed each of the agreements, while Nicke Widyawati, Pertamina President Director and CEO and Erwin Ciputra, Chandra Asri President Director signed on behalf of Pertamina and Chandra Asri, respectively.
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Shikeh Mohamed and Sheikh Hasina Wajid present an award to a representative from Eutan Tarawa Leta Junior Secondary School, the winners of the Global High Schools Prize, East Asia & Pacific region. WAM


Dr Al Jaber said: “The agreements signed with Pertamina and Chandra Asri will potentially help Adnoc to secure additional in-market presence in one of Southeast Asia’s fastest-growing economies, enabling new domestic value-creation opportunities across the hydrocarbon chain. This announcement is a testament to the success of Adnoc’s international partnership strategy, our ability to consistently deliver innovative value-creation opportunities and the UAE’s strong ties with the Republic of Indonesia.”

Widyawati said: “The agreements with Adnoc will strengthen Pertamina’s ability to carry out its national duty, realising Indonesia’s energy security in a challenging and complex environment. We expect that both the potential refinery development at Balongan and the direct LPG supply will allow us to optimize Indonesia’s oil and gas value chain, better serve the domestic market through our vast

Adnoc Classification: Publicdistribution networks across the whole archipelago and access new opportunities to meet growing global demand for petrochemical products.”
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Sheikh Mohamed and Frank Bainimarama present an award to a representative from Bloom Nepal School, the winners of the Global High Schools Prize, South Asia region. WAM


Ciputra said: “Chandra Asri is delighted to explore opportunities with Adnoc in the area of feedstock supply for our current and future petrochemical business. This is in line with our heritage and strategy of developing long-term, win-win partnerships as a Growth Partner; supporting our ongoing mission to contribute to Indonesia’s economic development.”

The potential Crude to Petrochemicals complex would build upon the ambitions outlined in the comprehensive framework agreement signed by Adnoc and Pertamina in 2019, while accelerating Indonesia’s path towards petrochemical self-sufficiency.

The new Pertamina LPG Sales Agreement with Adnoc will allow for both FOB sales, in which customers collect product from Abu Dhabi, and CFR sales, in which Adnoc delivers product to customers. This flexibility further supports Adnoc ‘s strategy to deliver more CFR cargos to its customers and build upon its trading and logistics capabilities.

Adnoc ’s potential supply agreement with Chandra Asri will further expand Adnoc ’s reach in Indonesia and is expected to help lay the groundwork for other potential areas of collaboration between the two companies.

WAM