Abu Dhabi - Mubasher: ADNOC Gas inked a $4-billion agreement with EMSTEEL Building Materials to power the UAE’s industrial growth and economic development, according to a press release.
The 20-year agreement, effective on 1 January 2027, is valued between $3.50 and $4.20 billion.
Meanwhile, the partnership will secure a dependable energy supply for one of the country’s industrial producers, while reinforcing ADNOC Gas’ competitive position as a key enabler of industrial resilience and cleaner energy transition.
Fatema Al Nuaimi, CEO of ADNOC Gas, commented: “This landmark agreement to supply EMSTEEL with lower-carbon natural gas underpins ADNOC Gas role in boosting the UAE’s industrial growth and economic development.”
Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said: “This strategic partnership not only ensures a secure and sustainable energy supply for our operations but also reinforces our shared commitment to maximizing In-Country Value and supporting national economic resilience.”
He added: “With ADNOC Gas as a key energy partner, EMSTEEL will continue advancing green steel production, enhancing efficiency across our value chain, and contributing to the sustainable growth of the nation’s industrial ecosystem.”
In the first nine months (9M) of 2025, the net profits of EMSTEEL hiked by 209% to AED 283.42 million from AED 91.62 million in 9M-24.
