04 Shawwal 1445 - 13 April 2024
    
Sign up for newsletter
Eye of Dubai
Business & Money | Sunday 10 December, 2023 9:20 am |
Share:

UAE Officially Joins the Global Club of Nanofiber Production via the debut of MAOTEX

Heralding a new era in the UAE's industrial landscape through bringing the world's only nanofiber mass production technology to the region and in a groundbreaking move towards sustainable innovation, Mohamed Hareb Al Otaiba (MHAO) Group, an Emirati leading entity in the UAE's industrial landscape, established a joint venture with Japan's M-TEchX, to establish MAOTEX, the first nano fiber producer in the region.

 

“The UAE officially joins the global club of nanofiber 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 nanofiber 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 nanofiber 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.

 

“The collaboration with MHAO Group is a strategic step towards globalizing our nanofiber technology. Through MAOTEX, we bring the world's only nanofiber 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 Fiber’, is set to revolutionize the oil & gas sector. Unlike other products in the market, Magic Fiber 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 utilizing oil, promising a reduction in carbon dioxide emissions and contributing to carbon offset initiatives.

 

MAOTEX, led by Co-Founder Mohamed Hareb Al Otaiba and CEO Hiroyoshi Sota, is in the process of company establishment following the recent signing of the joint venture agreement. The venture's commitment to sustainability is underscored by its participation in COP28, aligning with the UAE's dedication to environmentally conscious practices.

 

The MAOTEX joint venture marks a pivotal moment in the UAE's technological landscape, aligning seamlessly with the country's ambitious sustainability goals. With a resolute focus on nanofiber mass production technology and the revolutionary ‘Magic Fiber’ product, MAOTEX stands as a hub of innovation and environmental responsibility. As the UAE embarks on its Net Zero 2050 strategic initiative and designates 2023 as the Year of Sustainability, MAOTEX is at the forefront, contributing significantly to the realization of a greener, more sustainable future for the region. The joint venture not only signifies a leap forward in technological prowess but also exemplifies the commitment to achieving a harmonious balance between industrial development and environmental stewardship.

 

-ENDS-

 

Share:
Print
Post Your Comment
ADD TO EYE OF Dubai
RELATED NEWS
MOST POPULAR