Fujairah Ruler discusses energy sector growth with Vitol's CEO

(PSA) in the south of Spain for a demonstrator project. In this demonstrator, Flora will be thermally cycled up to 800 C. In the future, StorEnergy plans to reach higher temperatures as Flora can withstand temperatures over 1000 C. By operating at a higher temperature, the heat-to-electricity conversion efficiency is improved in power generation systems. In addition, hightemperature process heat can be delivered on demand to industry, such as cement or glass, to replace or save fossil fuels and reduce carbon emissions. Flora is also durable, being a refractory ceramic that can be thermally cycled over decades without damage. Seramic Materials is supported by The Catalyst, the region’s first clean technology start-up accelerator, which granted it US$150,000 last year, and provides training and mentorship. With the support of The Catalyst, Seramic Materials has established the first laboratory in the GCC dedicated to industrial solid waste valorisation, located in the Masdar Tech Park in Masdar City. Masdar City, is now home to more than 900 companies, ranging from multinationals and SMEs, to homegrown start-ups. These companies include the International Renewable Energy Agency (IRENA), the UAE Space Agency, Siemens, Tabreed, Honeywell, and the world's first university dedicated to artificial intelligence, the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). Masdar City is also home to leading HealthTech company, G42 Healthcare (G42), which is known for establishing the Omics Centre of Excellence, the region’s largest and most advanced Omics facility in terms of technology coverage, automation, computational capacity and throughput.

FUJAIRAH, 21st September, 2021 H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, stressed the importance of the role of the Emirate of Fujairah in providing a conducive investment environment and infrastructure for international energy companies, in addition to supporting and regulating the emirate's oil sector, in line with the UAE's vision to drive sustainable development. This came during Sheikh Hamad meeting with Russell Hardy, CEO of Vitol, at Al Rumailah Palace. The Ruler said that the Emirate of Fujairah has become a leader in providing logistical services to the local and international oil companies, and has also become a global hub for transporting, storing, trading, supplying and exporting oil and its derivatives. During the meeting, Hardy briefed Sheikh Hamad on regional and international developments in the energy market and ways to enhance cooperation and partnership between the Fujairah Government and Vitol, one of the world's leading energy trading companies. Hardy thanked Sheikh Hamad and the emirate's government for supporting Vitol and providing all the necessary facilities to advance its operations. He praised the role of the governments of Fujairah and the UAE in containing the COVID-19 pandemic and maintaining the safety of the public. The meeting was attended by Mohammed Saeed Al Dhanhani, Director of the Emiri Court at the Fujairah Government, Salem Al Zahmi, Director of Office of the Crown Prince of Fujairah, and Dr. Salem Abdo Khalil, Economic Advisor to the Fujairah Government.