Saif Humaid Al Falasi

The ongoing shift towards cleaner and more sustainable energy sources underlines the urgency of climate mitigation and adaptation action, both in the region and globally. This is evident across the GCC, where member states are pursuing increasingly ambitious renewable energy and net-zero targets. The UAE, in particular, has made great strides in deploying world-class sustainable and integrated energy solutions, significantly expanding its total renewable capacity by 70 per cent between 2022 and 2023.

This regional momentum presents unprecedented opportunities for the innovative and forward-looking ENOC Group as we leverage our responsible energy stewardship to meet the UAE’s growing demand for reliable, secure, and sustainable energy. Guided by the UAE’s Energy Strategy 2050 and Dubai Clean Energy Strategy, ENOC Group supports the transition to a lower-emissions future through our five-pillar growth strategy, focusing on ‘Proactive Improvement’, ‘Integrated Value Chain and Growth’, ‘Think Customer’, ‘Diversified Energy’, and ‘Asset Optimisation’.

In 2024, ENOC Group deployed cutting-edge solutions to enhance competitiveness and deliver sustainable value across the energy sector, while continuing to invest in operational enhancements and innovation to serve our global customer base in 60 markets worldwide. During the year, our dedication to sustainable fuel distribution resulted in the unveiling of the world’s first solar-powered biodiesel truck at the WETEX show.

Fitted with an aluminium tank with a 5,000-litre capacity and divided into two compartments, ENOC Link’s new biodiesel trucks enable the transportation and distribution of two distinct biodiesel grades. Our commitment to fostering a more sustainable and environmentally responsible aviation sector was reinforced with the signing of a milestone agreement with Dubai Municipality, Marubeni, and BESIX to transform waste into sustainable aviation fuel (SAF) using green hydrogen.

Our pioneering work in exploring hydrogen as an alternate fuel, including commissioning the UAE’s first Green Hydrogen Station, earned us two sustainability awards at Connecting Green Hydrogen MENA 2024. Last year, we further expanded our international presence, establishing new partnerships and ventures in key strategic markets. Our marine lubricants business recorded 120 per cent sales growth in the Greek market, and we concluded the year with the addition of 80 new ports to our existing network of 400 marine ports across 32 countries.

In partnership with Pakistan’s Flow Petroleum, we expanded our international lubricants distribution to bring our high-quality lubricants to |this rapidly growing market.

Meanwhile, Horizon Terminals Limited (HTL), our wholly owned subsidiary, completed the Horizon JPUT Pipeline Connectivity Project significantly enhancing Singapore’s oil and petroleum infrastructure development.

In 2024, ENOC Group further bolstered the UAE’s competitiveness and celebrated its legacy of advancing the country’s energy infrastructure through Vopak Horizon Fujairah Limited, which excels in petroleum storage and handling, contributing to economic growth and sustainability. The year also marked the 25th year of operations of Tasjeel, the UAE’s first and largest vehicle testing and registration centre, which has conducted more than 20 million vehicle tests.

Investing in a skilled workforce and empowering youth are key priorities for ENOC Group. During the year, we launched several initiatives to develop talent and address the skills gap within the energy sector.

In 2025, ENOC Group will accelerate its contributions to the UAE’s long-term economic development in line with its 2071 vision — through strategic investments, innovative solutions and robust partnerships.