ADIPEC 2023 : An Energy Ecosystem United on Decarbonisation
ADIPEC 2023: An energy ecosystem united on decarbonisation
In its most extensive edition to date, with over 184,000 attendees from 160 countries, ADIPEC’s 2023 exhibition showcased the best of what the energy ecosystem has to offer and provided the platform for players from across the industry and beyond to unite towards ‘Decarbonising. Faster. Together’.
The ADNEC exhibition halls played host to over 2,200 companies, which included 54 NOCs, IOCs, NECs, IECs from across the world, coming together for four days to chart the course to decarbonisation and drive forward the energy transition. The exhibition also was home to 30 country pavilions – from China to the United States, creating an environment where the entire energy value chain came together to take action to enable a cleaner, more secure energy future.
The exhibition contained four bespoke zones: the Decarbonisation Accelerator, the Maritime & Logistics Zone, the Digitalisation in Energy Zone and Manufacturing & Industrialisation Exhibition & Conference. In doing so, ADIPEC 2023 allowed operators within the energy ecosystem to engage with the industry’s full value chain and build the knowledge and partnerships to elevate their operations.
Dr Sultan Al Jaber, COP28 President-Designate, set the tone for the event during the ADIPEC 2023 Opening Ceremony, calling on the energy industry to take responsibility and lead the way in accelerating the global decarbonisation journey.
“Everyone must be at the table to make the transformation progress needed, especially the energy industry. No other industry has the same ability to manage complexity, depth of knowledge, engineering talent, capital, technology and skill needed for the task at hand. This industry can step up and make a meaningful contribution to tangible, sustainable progress” .
Dr Sultan Al Jaber, COP28 President-Designate
Dr Al Jaber’s call to action was echoed by the ministers and CEOs in attendance, many of whom welcomed his remarks and emphasised the importance of a transition which reached every corner of the energy ecosystem:
“Dr Sultan's speech gave me hope... with the multiple mini transitions that need to take place sector by sector. We need all of it – not some parts of the energy value chain - all of it."
Wael Sawan, CEO, Shell
Others noted the importance of delivering a transition that is not just fast, but secure, that enables populations around the world to maintain access to affordable, clean energy.
“There are two priorities in my agenda: energy security and decarbonising the economy”.
His Excellency Dr. Alparslan Bayraktar, Minister of Energy and Natural Resources, Türkiye
A solutions-oriented programme
ADIPEC 2023’s Strategic, Hydrogen and Technical Conferences achieved what they set out to do: stimulate a solutions-oriented dialogue among stakeholders from across the entire energy value chain. On the technical side, leaders from energy-connected industries, including maritime, technology and manufacturing demonstrated a willingness across the energy world to develop decarbonisation solutions, at speed – focusing on the critical importance of partnerships for making this a reality.
On the strategic side, policymakers and industry leaders addressed the need for a just, efficient and equitable energy transition, laying the groundwork for the implementation of far-reaching decarbonisation strategies. The hydrogen conference sessions also explored the transformative potential of this developing field and the profound impact it is set to play in enabling the energy transition and expanding the horizons of the entire energy ecosystem.
Across the conference programme, experts from a wide range of energy-connected fields shared their experience and insights with peers in bespoke sessions, addressing challenges and opportunities within the industry and beyond.
“As the world's energy demand continues to grow, so does the need for technical expertise to drive sustainable, actionable, and future-focused solutions. ADIPEC’s Technical Conference is at the heart of global energy discussions, uniting the voices of technical engineers and industry pioneers to deliver real-world applications of innovative technology required for a sustainable energy value chain”.
Mohamed Al Marzouqi, EVP, Field Development Function, ADNOC and ADIPEC 2023 Technical Programme Committee Chair
ADIPEC exhibition in numbers
NOCs, IOCs, NECs and IECs
Energy leaders tackling the industry’s biggest challenges
Housed on the exhibition floor, the Middle East Energy Club (MEEC) is an exclusive, invitation-only, business-focused VIP club connecting ministers, dignitaries, C-level executives, and senior decision-makers from across the energy value chain. Among those in attendance were leaders of the world’s most influential energy companies, including many NOC CEOs who had reinforced their committment to decarbonisation during the ADIPEC Opening Ceremony.
The MEEC hosted 10 leadership roundtables: the invite only sessions gathered over 300 ministers, c-level industry executives and policymakers to examine the industry’s most pressing challenges and accelerate the adoption of strategies that will simultaneously maintain energy security and forge the path to global decarbonisation.
Discussions explored a range of topics from the pace of policy innovation and cross-sector partnerships to the importance of technology and digitalisation in facilitating the energy transition, driven inevitably by the huge range of solutions on display across the exhibition floor.
The entire energy supply chain on show
The Decarbonisation Accelerator showcased the best of decarbonisation solutions: innovative startups exemplified the rapid technological transformative taking place across the industry, with ADIPEC providing the platform for these disruptive businesses to access the industry and the capital that will drive the adoption of low carbon technologies across the sector.
The Maritime & Logistics Zone connected industry leaders, regulators and decision-makers from the global maritime and logistics supply chain to build the essential partnerships that will make the industry’s low carbon future a reality. Similar developments took place in the Manufacturing and Industrialisation Exhibition & Conference, which bridged the gap between the energy, manufacturing and high-tech sectors, facilitating the critical cross-sector collaborations and game changing solutions needed to accelerate a lower-carbon, high-growth future.
The entire energy ecosystem is acutely conscious of the need to digitalise to accelerate decarbonisation and the energy transition, and the Digitalisation in Energy Zone provided the platform for just that. Companies from around the world gathered to facilitate the ‘enabling ecosystem’ required to drive change and accelerate the modernisation required for an efficient and balanced energy transition.
The energy leaders of tomorrow
ADIPEC 2023 came with a distinct focus on the energy industry of tomorrow, and therefore the leaders who will drive the energy transition and decarbonisation in the years to come. Engaging youth will be an essential step in the next chapter of the energy industry and the Young ADIPEC exhibition sought to do just that.
The Future Leaders Programme also featured sessions on the next generation of energy industry talent, such as Millennials and Gen Z workforce: what motivates them and why it matters, as well as the importance of adapting to the changing needs and values of employees.
"They also want deep and meaningful work. There is a misconception about our industry, and they value diversity and inclusivity which they don't see at the moment. We have to work hard to make it so. It is an exciting industry to be in and we have to communicate better to make them come and work with us."
Molly Determan, President, Energy Workforce & Technology Council
Over the course of the four days of the event, the message was clear: engaging youth is essential for the development of the energy industry, and they have a major role to play in not just the conversation, but in crafting the solutions of tomorrow.
A place to do business and forge partnerships
ADIPEC 2023 was the most commercially successful to date, with over $8.8 billion in deals signed over the course of four days. This record represents an increase of more than $600 million from 2022, with major deals signed across the global energy industry relating to gas storage, LNG, Direct Air Capture and more.
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.
In addition, the event drove economic growth across Abu Dhabi, with over $350 million worth of economic benefits for the local economy over the course of the week, particularly in the hospitality, tourism and transport sectors.
Celebrating the best and brightest of the industry
This exciting future ahead of the industry was on display at the prestigious ADIPEC Awards, which honoured visionaries in innovation and collaboration, as well as the trailblazers who are driving the transformation of the energy sector towards a sustainable future for all. The awards attracted a record-breaking 1,072 entries from 78 countries and reflected a wide spectrum of geographies, industries and companies.
Companies small and large were celebrated, for their role in leading the transformation, judged by an expert jury of global experts in categories from achieving decarbonisation at scale, clean energy innovation technologies, future energy workforce developments and much more.
Leader of Change – Passionate Driver of Progress Award honouree, Professor Ernest J. Moniz, CEO of the US-based Energy Futures Initiative commented on the wave of change underway in the UAE:
"I am very pleased to receive this award on behalf of my colleagues who I have worked with in academia, government, and the private sector. It is particularly special to receive this award here in the UAE in its year of COP28, which under the leadership of Dr Sultan [Al Jaber], looks to set a new standard for pragmatism and results, bridging the needs of the developed world and the global south. This has been the dominant theme of what I've been doing for decades and what are the objectives of COP28."
Professor Ernest J. Moniz, CEO of Energy Futures Initiative
Bringing together the length and breadth of the energy ecosystem
The exhibition at ADIPEC 2023 yet again demonstrated the powerful role the event holds in providing a platform for not just the energy industry, but connected sectors, policymakers, leaders, countries and generations to come together to plot the course of the energy industry of tomorrow and its commitment to decarbonisation and a just transition.
The conference theme, ‘Decarbonising. Faster. Together.’, was on show across the event, from the exhibition floor all the way up to the Leadership Roundtables. The conversations had, the partnerships created, and progress made during the 2023 event will set the tone for the year ahead, and sets the stage for another action-oriented, innovative and progressive conference to come in 2024.
Save the date to attend the world's largest energy exhibition & conference next year, from 11-14 November 2024.Stand spaces are high in demand and limited in number – book your stand early. Or, register as a visitor to unlock unrivalled business and networking opportunities atwww.adipec.com/visreg