Al Masaood's Evolution: Driving Innovation in UAE's Energy Sector
Key Ideas
- Al Masaood, a leading UAE conglomerate, is focusing on evolving its products and services to meet the changing needs of the energy sector.
- The company is emphasizing value addition, sustainability, and innovation, with a strong commitment to environment-friendly products and recycling.
- Through strategic alliances, Al Masaood is delivering comprehensive solutions in areas such as LNG, hydrogen, carbon capture, and energy applications.
- The company's plans include expanding its innovative services in the regional market by 2025, positioning itself as a key player in driving technological advancements and sustainability in the energy industry.
Al Masaood, a prominent conglomerate in the UAE, is continuing its focus on the oil and gas sector while adapting to industry evolution. The Group Industrial CEO, Hani El Tannir, highlighted the company's shift towards value addition, local manufacturing, and a stronger emphasis on services and tailored solutions. Al Masaood's Projects and Engineering Services (PESD) division is offering comprehensive solutions across various sectors, including asset integrity management and advanced engineering. The company's collaborations with global brands enable the delivery of turnkey packages for compressors, integrating sustainable technologies.
At ADIPEC, Al Masaood showcased cutting-edge advancements in LNG, hydrogen, and carbon capture technologies, aligning with the UAE's sustainability goals. The company presented solutions for modular LNG liquefaction and storage, liquid hydrogen storage, and advanced carbon capture technologies. Additionally, Al Masaood highlighted its specialist manufacturing for the Energy Sector and regional agreement with NIDEC Power.
Looking ahead, Al Masaood plans to expand its innovative services by 2025 to meet the growing demands of the energy market. El Tannir emphasized the company's commitment to technology innovations, sustainability, and meeting future energy sector requirements through collaborations and solutions. Al Masaood aims to play a key role in driving sustainability and technological advancements in the energy industry by partnering with other companies to bring innovative solutions to the local market.