ENOC showcases smart solutions at WETEX 2016
Emirates National Oil Company (ENOC) is set to showcase its smart and sustainable solutions; showing the Group's method to drive innovation across all its company segments at the Water, Energy, Technology, and Environment Exhibition (WETEX 2016) to be held in Dubai on October 4-6, 2016.
ENOC's smart solutions highlight the Group's commitment to environmental sustainability and energy efficiency in line with the Dubai 2021 Plan to become a smart and sustainable city.
ENOC has actually achieved substantial outcomes through its sustainability initiatives throughout the years, taping a cumulative total of AED 26 million in savings considering that the launch of the cost savings element in the Group's Energy and Resource Management programme in 2012. The Group has likewise had planned to invest AED 55 million (15 million USD) from 2014 to 2018 with anticipated cost savings of AED 25 million (USD 6.9 million) annually.
Across its retail network of 112 stations in the UAE and five in KSA, the Group released a host of innovative efforts that add to enhancing energy performance; such as the Vapour Recovery System; a procedure that allows the healing of 99 percent gas vapour or other fuel emissions. Other innovations likewise include the Variable Refrigerant Flow (VRF) plan, an air-conditioning system that controls the refrigerant flowing into numerous indoor units, which added to yearly electricity cost savings of 48,506 kW/Hr and US$ 5,947 (AED 21,828) in energy bills per unit.
His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, stated: "ENOC promotes a culture of innovation within the Group to show our constant dedication to support Dubai's Smart City effort. We believe that WETEX 2016 works as a strategic platform to engage with key stakeholders, as it showcases the most recent technologies in the water, energy, and environment sectors. With our focus on promoting energy efficiency and providing , smart solutions, we are highlighting a host of advanced solutions that can ultimately help secure a cleaner world for future generations.
According with Gulf Intelligence, the UAE might save as much as US$ 1.9 billion a year by 2030 if it achieves its target to have simply a 10 percent share of renewable energy in the total energy mix. The UAE currently aims at increasing its total energy mix attributable to low-carbon sources to 24 percent by 2021.
Dubai's long term strategic plan to conserve and diversify its energy mix to provide 75 percent of the emirate's energy through clean sources by 2050 deals sufficient chance to drive making use of CNG. ENOC has actually pioneered alternative energy solutions that assist support the decrease of the UAE's carbon footprint and has broadened its CNG network by setting up three daughter stations, one each at Al Ahli Driving Centre, Emirates Driving Institute and Emirates Transport, in addition to its main station, to assist meet the current demand for compressed gas. The stations now serve a price quote of 500 vehicles daily with the objective of having seven more CNG Daughter stations at fleet customer properties; including federal government companies, driving institutes and car rental business. ENOC expects to increase the variety of vehicles operating on CNG to 1,000-1,500 by end of 2016 and as much as 5,000 in the next 5 years, with assistance from authorities in the UAE.
" The economic advantages for renewable resource are clear and we had actually already started this journey by pioneering CNG services for vehicles 2 years back. Natural gas vehicles show an average reduction in greenhouse gas emissions of 80 percent, which makes the switch to alternative fuels such as CNG vital in the prepare for the UAE to become a greener nation." included Al Falasi.
For the very first time this year, ENOC will host a series of instructional sessions at the ENOC stand over a span of three days. The sessions which consist of live demonstrations and discussions; target high school and college student and will cover a number of efforts in the fields of energy conservation, sustainability and development.
Another key feature ENOC will display is its Vehicle Identification Pass (ViP) - the RFID based fuel payment system rolled out throughout its service station network. The service helps speed up the refuelling procedure and allows customers to better handle their fuel budget plans.
The company has actually also partnered with Beam Wallet and MasterCard to provide an innovative and rewarding mobile payment experience for consumers. ENOC also worked closely with Mashreq Bank to power its website for wallet leading ups, using Mashreq's world-class eCommerce and mCommerce payments suite.
