Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Abu Dhabi authorities have announced a new project for turning waste carbon into sustainable aviation fuel.
The move followed the collaboration between Abu Dhabi Waste Management Company (Tadweer) and LanzaTech NZ, Inc. (LanzaTech) to explore business opportunities to develop a large-scale conversion plant for transforming solid municipal waste into sustainable alternative fuel.
LanzaTech, is an innovative Carbon Capture and Transformation (CCT) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives.
Eng Ali Al Dhaheri, chief executive officer of Tadweer said: "This is another great partnership we are exploring in 2023 – the UAE's Year of Sustainability. It exemplifies our commitment to partnering with leading waste management entities and driving sustainability across our organization. We believe that waste is a resource to be harnessed, and with LanzaTech's support, we aim to make this a reality".
"The project represents a tremendous opportunity to protect the planet by turning waste carbon into sustainable aviation fuel, keeping fossil fuels in the ground," said Jennifer Holmgren, chief executive officer of LanzaTech. "The carbon found in municipal solid waste, which is piling up in landfills or being incinerated globally, can play a critical role in eliminating the virgin fossil resources used to make fuels and chemicals.
“It is a testament to the UAE's leadership and strong sustainability agenda that our technology has found a home here. This collaboration further advances the US and UAE's Partnership for Accelerating Clean Energy (PACE) and provides a foundation for deepening cooperation on circular economy and low-carbon fuels."
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