DUBAI, 23rd March 2023 (WAM) – ENOC Group, which reached its best performance in 2022, has unveiled a long-term growth strategy to meet the growing demands for sustainable energy solutions locally and globally. The strategy is based on five pillars, including proactive improvement, asset optimization, customer in mind, integrated value chain and growth, and diversified energy solutions, aimed at providing world-class, integrated energy solutions and sustainable
The Proactive Improvement pillar aims to improve operational efficiency to achieve cost savings, while the Asset Optimization pillar aims to profitably and sustainably grow the Group’s capabilities in all operations. Under the Think Customer pillar, the group aims to drive retail expansion by introducing customer-centric initiatives and delivering unsurpassed experiences. The Integrated Value Chain and Growth pillar will foster a culture of collaboration across the value chain, optimize the supply-demand balance and launch transformative companies. The Diversified Energy Solutions pillar will position the Group as a key player in the new energy economy, investing in energy transition technologies to meet clean energy demands in the future.
The group plans to achieve its goals through operational efficiency, collaboration and the implementation of digital technologies, offering a seamless experience across the entire energy sector value chain.
Saif Humaid Al Falasi, Group CEO of ENOC, has expressed his satisfaction with the significant progress achieved by the ENOC Group in 2022. According to him, the Group achieved remarkable milestones in terms of production capacity, financial excellence and overall growth. He also highlighted the progress made in advancing the Group’s sustainability ambitions and the implementation of its digitization journey to drive innovation and meet customer needs amid rapid technological change.
Al Falasi highlighted the Group’s strategic direction, which focuses on five pillars, and the importance of the “One ENOC” principle to work collectively to deploy strategy, track and measure progress, and maintain discipline and financial flexibility. He also highlighted that the numerous awards the Group received in 2022 for innovation, sustainability and digital capabilities were a testament to its efforts to drive sustainable value in the energy sector.
ENOC’s commitment to sustainability was recognized with the Golden Peacock Award for Sustainability for the fifth consecutive year in 2022, while its subsidiary, Emirates Gas, received the Chamber of Commerce’s CSR Award for the 11th consecutive year and Dubai Industry, highlighting its strong CSR culture. .
The Group’s efforts to seek innovative solutions to reduce emissions and achieve climate neutrality saw its participation in the Emirates Airlines test flight by securing, blending and loading SAF (Sustainable Aviation Fuel). In addition, the group also became the first to implement the latest smart fuel supply management system in the UAE.
During the year, ENOC focused on ensuring employee safety and business continuity and maintaining asset integrity. Expanded its talent pool with the announcement of 50% Emiratisation during Careers UAE 2022. Having welcomed more than one million visitors to Expo 2020 Dubai, the group will use the venue to stand out its climate and its zero ambitions in its new growth strategy.
In terms of digitization, in collaboration with SAP, the ENOC Group automated more than 1,000 business processes by 2022, while increasing its retail footprint in the UAE to 186 service stations and enabling more than half a million customers benefit from its Yes Rewards program.
In line with the group’s expansion plans, Tasjeel opened its tenth vehicle registration and testing center in Sharjah, and ENOC Link opened its first eLink station, also in Sharjah. The ENOC Group also opened four compact stations and the first Emergency Response Center in JAFZA. It announced the completion of its jet fuel pipeline to Al Maktoum International Airport last year.
While ENOC Group’s Strata marine lubricants group posted impressive sales growth of 350 percent in two years, the group also announced its partnership with Tfe Intermediacao De Negocios Ltda to distribute lubricants in Brazil.
