ADNOC Finalizes $2 Billion Green Loan Supported by K-SURE

ADNOC has bolstered its commitment to sustainable financing by securing a new $2 billion green loan backed by the Korea Trade Insurance Corporation (K-SURE). With this financing, the total green capital raised by the company has now reached $5 billion over the past 18 months, underscoring ADNOC's ongoing transition towards lower-carbon investments and forward-looking energy solutions.

The announcement was made during Dr. Sultan Al Jaber's visit to South Korea, where he met with K-SURE President Youngjin Jang to solidify this important partnership and enhance economic collaboration between the UAE and South Korea.

Aligned with Global Sustainability Standards

This $2 billion facility follows ADNOC's Sustainable Finance Framework, ensuring that the funds are allocated to projects which adhere to recognized environmental and sustainability standards. An independent Second Party Opinion from Sustainable Fitch has confirmed that the framework complies with global sustainable finance principles, a vital aspect for transparency and confidence among lenders.

This collaboration with a Korean export credit agency marks ADNOC's inaugural partnership of this nature and follows a landmark $3 billion agreement established in 2024 with the Japan Bank for International Cooperation (JBIC). These partnerships are establishing a robust foundation for ADNOC in green financing, fostering competitiveness in future sustainable debt markets.

Accelerating Decarbonisation Efforts and New Energy Initiatives

Khaled Al Zaabi, ADNOC's Group Chief Financial Officer, emphasized that this partnership with K-SURE expands pathways to sustainable finance while also enhancing economic relations with South Korea. First Abu Dhabi Bank is acting as the Green Loan Coordinator, with Santander serving as the export credit agency coordinator.

ADNOC is dedicated to reducing its operational carbon intensity by 25% by 2030, directing approximately $23 billion toward decarbonisation and new energy projects. This includes investments in hydrogen, geothermal energy, renewables, and technologies aimed at emission reduction across its primary functions.

The financing from this new facility will further advance these initiatives, supporting lower-carbon infrastructure and emissions-reducing technologies. The ECA-backed structure offers ADNOC competitive financing while allowing flexibility in funding various qualified projects.

Forming Global Partnerships for Sustainable Energy Transition

This agreement exemplifies ADNOC’s strategy of balancing growth with responsible energy transition. By prioritizing accredited green financing and fostering international partnerships, ADNOC aims to position itself as a vital player in the supply of lower-carbon energy, while continuously strengthening global investment connections.

In summary, the K-SURE-backed loan not only broadens ADNOC's green funding base but also reinforces its long-term ambitions for decarbonisation, supporting a more sustainable energy landscape as the company advances its portfolio.