UAE joins Global Club of Nanofibre Production
OIL AND GAS NEWS
Mohamed Hareb Al Otaiba (MHAO) Group, an Emirati industrial leader, has set up a joint venture with Japan's M-TEchX, to establish Maotex, the first nano fibre producer in the region.
“The UAE officially joins the global club of nanofibre production via the debut of Maotex, a joint venture we have established with M-TEchX. By combining the expertise of MHAO Group and M-TEchX, we aim to propel the nation into a technology-driven future, starting with the introduction of nanofibre mass production technology,” says Mohamed Hareb Al Otaiba, Chairman of MHAO Group and Co-founder of Maotex.
The partnership between MHAO Group and M-TEchX sets the stage for the introduction of nanofibre mass production technology in the UAE. Maotex aims to be a catalyst for a nascent industry, contributing to the country's journey towards becoming a technology-driven powerhouse.
Globalising nanofibre tech
“The collaboration with MHAO Group is a strategic step towards globalising our nanofibre technology. Through Maotex, we bring the world's only nanofibre mass production technology to the UAE, making strides in both technological innovation and environmental sustainability,” says Hiroyoshi Sota, CEO of M-TEchX Group and CEO of Maotex.
The flagship product of Maotex, ‘Magic Fibre’, is set to revolutionise the oil and gas sector. Unlike other products in the market, Magic Fibre has the distinctive ability to absorb oil without dripping and selectively absorb only oil, excluding water. This innovation has proven its efficacy in major global disasters, earning accolades such as the Japanese Minister of Environment Award.
Notably, it has been successfully employed in large-scale oil spills in Saga, Japan (2019), Mauritius (2020), and the Philippines (2023). This groundbreaking technology not only addresses oil spill disasters but also finds applications across various industries utilising oil, promising a reduction in carbon dioxide emissions and contributing to carbon offset initiatives.
The Maotex joint venture marks a pivotal moment in the UAE's technological landscape, aligning seamlessly with the country's ambitious sustainability goals.--TradeArabia News Service
