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Emerson, a global technology and software company, has partnered with ardnock explore Production of equipment and devices For the oil and gas industry in the UAE.
Emerson said Monday that the agreement will cover existing and potential manufacturing capabilities for valves as well as programmable logic controllers and machine condition monitoring, all of which provide insight into equipment health and condition.
Made locally Distributed control systems (equipment that can better control the production process) and emergency shutdown systems will also be explored.
“We are ready to work with investors and suppliers to enable them to establish or expand manufacturing in the UAE, and we invite local and business partners to seize the significant opportunities this will create,” said Saleh Al Hashmi, Commercial and domestic value The head of Adnoc said.
As part of the Make it in the Emirates campaign, Adnoc has identified AED70 billion ($19.06 billion) worth of products with local manufacturing potential, he said.
oil and gas companies There has been significant investment in technologies such as artificial intelligence and cloud to improve efficiency.
The oil and gas automation market will reach $24.6 billion by 2025, with an annual growth rate of 7.5%, according to consulting firm Frost & Sullivan.
Last year, the UAE launched its “300 billion operations” industrial strategy to position it as a global industrial hub by 2031. The 10-year plan focuses on increasing the contribution of the industrial sector to the country’s GDP from AED133 billion in 2021 to AED300 billion by 2031.
The strategy focuses on boosting production in 11 priority sectors, supporting the growth of national industries, attracting foreign investment, modernizing legislation, and securing dedicated financing for local industrial companies.
last week, Adnoc signs deals worth up to AED 35 billion Partnered with 25 companies to stimulate investment in local manufacturing of key products such as pressure vessels, compressors and pipeline inspection instruments.
“We are delighted to be working with Adnoc to explore avenues and leverage our existing local equipment manufacturing in the UAE, and we look forward to contributing to the development of the country’s energy sector,” said Vidya Ramnath, president of Emerson Middle East and Africa.
U.S.-based Emerson helps process, hybrid and discrete manufacturers optimize operations, protect people, reduce emissions and achieve their sustainability goals through its automation solutions.
The UAE, OPEC’s third-largest oil producer, aims to boost its output to 5 million barrels a day by 2030.
The country plans to be carbon neutral by 2050 and has plans to invest AED600 billion worth of clean and renewable energy over the next 30 years.
UAE is working on a plan to position itself as hydrogen exporter and tap into its future potential.
Hydrogen, which can be produced from renewable energy and natural gas, is expected to play a key role in the coming years as economies and industries transition to a low-carbon world to mitigate climate change.
It comes in many forms including blue, green and grey. The blue and grey hydrogen is produced from natural gas, while the green is produced by splitting water through electrolysis.
The global hydrogen industry is expected to be worth $183 billion by 2023, up from $129 billion in 2017, Fitch Solutions said.
Updated: November 7, 2022 1:29 pm
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