The Business Year

Saif Humaid Al Falasi Group CEO, ENOC Group

UAE - Energy & Mining

Saif Humaid Al Falasi

Group CEO, ENOC Group

Bio

In his role as CEO of ENOC Group, Saif Humaid Al Falasi spearheads the implementation of the group’s business growth strategy and operational excellence locally and internationally, in alignment with the vision and plans of the government of Dubai. A 40-year veteran in the oil and gas industry, Al Falasi has been instrumental in the evolution of ENOC to become a reputable and leading integrated energy player. Prior to that, he worked at ADNOC Group of companies where he successfully executed multiple full field development plans for the largest oil fields in Abu Dhabi.

From forecourt to airport and imports and exports, ENOC Group is contributing to Dubai and the UAE’s economic growth and energy security.

The UAE and its business community intend to reach carbon neutrality by 2050. In what ways is ENOC leveraging on this opportunity?

The UAE’s initiative aims to promote dynamic economic growth alongside positive environmental impact, and ENOC Group has been taking significant steps over the past years to reduce its carbon footprint and overall impact on the environment. Dubai’s proposed waste-to-energy project, which is planned to start by 2024, is expected to convert 1,900,000 tons of waste per year. This project is a major step in supporting the Dubai government’s objective of zero waste going to landfill by 2030 by redirecting the plastics from landfills and oceans. ENOC has taken these steps and many more to support the UAE’s strategic initiative to make a significant contribution to global sustainability as well as achieve net-zero emissions by 2050, and we are privileged to take part in this journey. Over the years, ENOC Group has seen a positive uptick in the market owing to the adaptation of innovation and technology. Today, Emirates Gas, ENOC’s LPG business arm, holds a significant market share in the UAE. In addition, ENOC has launched alternative green fuel products such as Biodiesel5, ENOCBlue, as well as Protec Green Lubricant.

In what ways does the green transition present new opportunities for the UAE’s wider ambition to bring a different, leading industry capability to the region?

The UAE has always been a pioneer when it comes to driving sustainability. Similarly, ENOC Group has also set a global, industry-wide benchmark with our sustainability initiatives including the Vapor Recovery System (VRS) at our service stations across the UAE. We also opened several compact fuel stations in Dubai. The group is invested in the future of the energy industry, and has demonstrated its expertise by showcasing a unique, immersive experience in line with its theme to Reimagine Energy at the Expo 2020 Dubai. Furthermore, ENOC’s Service Station of the Future is a testament to our commitment to the future of the energy industry. Incorporating multiple sources of energy, this first-of-its-kind service station in the world harnesses the power of renewables and is a steppingstone in a new era for the future of fuel retail. At present, ENOC delivers sustainable and integrated energy solutions to energize the nation while meeting the needs of its customers in the 60-plus international markets.

What are the priorities when it comes to investing in the transformative technologies needed to accelerate the green transition?

Three highly active entities inspire the ENOC sustainability message across the chain of command: the Sustainability Leadership Group, the Energy and Resource Management Steering Committee, and the Energy and Resource Management Technical Committee. A number of projects demonstrate our commitment to sustainable practices. The first solar-powered service station in the UAE—now the model for all future ENOC stations—can produce 120kWh on an ideal day, 30% more than needed to run the station. Excess power is transmitted back to DEWA’s main grid through a solar meter that tracks input. ENOC forecasts that more than 23GWh of solar energy will be produced to power these stations, minimizing the load on DEWA’s grid and power-generation capacity. Moreover, Dubai Lubricants Processing Plant in Jebel Ali is the first plant in the Gulf region which runs on renewable energy. The solar panel has been operational since March 2018 and has produced around 450kWh per day on average. This subsidiary of ENOC covers an area of over 5,000sqm. ENOC has also installed vapor recovery systems in service stations that enable almost 70% recovery of gasoline vapor and other emissions. The system recovers vapor released from the petrol dispensers and storage tanks, condensing it back into fuel form. In 2021, it recovered for 530,280 liters, an average of 44,190 per month. Furthermore, another substantial green initiative by ENOC is the launch of Biodiesel5 in the UAE market. This is a clean fuel produced from vegetable oil and waste cooking oil.

ADVERTISEMENT

ADVERTISEMENT

You may also be interested in...

James Anthony Morse President, Rabdan Academy

UAE - Health & Education

James Anthony Morse

Interview

President, Rabdan Academy

Mohamed Jameel Al Ramahi CEO, Masdar

UAE - Energy & Mining

Mohamed Jameel Al Ramahi

Interview

CEO, Masdar

Jasim Husain Thabet Group CEO & Managing Director, TAQA

UAE - Energy & Mining

Jasim Husain Thabet

Interview

Group CEO & Managing Director, TAQA

View All interviews