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ADIPEC 2022 generates US$8.2bn for global energy supply chain

Event News

ADIPEC 2022 has generated an estimated US$8.2bn in business for exhibiting companies, a survey conducted across the 2,200 exhibitors has revealed

The event took place in Abu Dhabi from 31 October to 3 November, gathering some of the best minds from energy markets around the world to address critical issues facing the energy sector, including the trilemma of security, affordability and sustainability of energy supply. 

The future of energy was discussed across more than 350 sessions, where more than 40 Ministers and 38 global CEOs, policy makers, energy experts and innovators shared their views on achieving a progressive and pragmatic transition and the significant role of investment and collaboration in the path to net zero.

ADIPEC 2022 saw a record global attendance of more than 160,000 attendees from 164 countries, with 41% coming from abroad. The UAE saw an estimated value of US$200mn brought in through sectors that supported the four-day event, including tourism and hospitality.

Tayba Al Hashemi, ADNOC Sour Gas CEO and chair of ADIPEC 2022, said, “The record-breaking numbers of attendees and deals speak for themselves, but I have also been listening to feedback from attendees. They value ADIPEC because it fuses together strategic thought leadership and industry insight, alongside commercial deal making, the largest technical innovation conference programme, and a huge exhibition showcasing the latest in climate and optimisation technologies. ADIPEC continues to reinforce the role of the UAE and Abu Dhabi at the heart of the global dialogue on the future of energy.”

Global progress on climate action, the energy transition and the energy trilemma will be in sharp focus next year, as the UAE welcomes global leaders to the country for COP28. ADIPEC 2023, taking place in Abu Dhabi from 2-5 October, about a month before COP28, will be particularly meaningful in framing industry discussions around some of these key challenges energy markets face today. 

Christopher Hudson, president of dmg events, organisers of ADIPEC 2022 said, “ADIPEC 2022 has shown the world that it is so much more than a hydrocarbon show. It is a strategic platform for climate and technology, bringing together key stakeholders to engage with a broad range of voices from across the global value chain, collaborate and drive forward the energy transition dialogue. 

“This has directly translated into commercial benefits for attendees and significant benefits to the economy, as well as helped shape important industry discussions, demonstrating the fundamental role of collaboration in the transition to net zero.”

Decarbonisation was a key theme across the four days of the event, with a first-of-its-kind, dedicated Decarbonisation Zone and Conference at ADIPEC. Experts shared their views on the latest innovations that will enable stakeholders to address the growing demand for green solutions, attract strategic partnerships and cross-industry participation, generate funding mechanisms, and convert innovative ideas into a practical solution towards leading a cleaner energy future.

Among the significant deals at ADIPEC 2022 was the signing of the historic agreement between the UAE and the US to catalyse US$100bn of investment in renewable energies and clean technologies in the UAE, USA and emerging economies around the world by 2035.

ADIPEC also witnessed an agreement between PETRONAS, Accenture and Amazon Web Services (AWS) to optimise the logistics operations and costs of offshore vessels using AWS technologies.