Latest news with #BEEAH
Zawya
6 days ago
- Business
- Zawya
Tadweer acquires waste to energy stake from Masdar
Masdar, a leading renewable energy company, has divested its stake in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in waste value unlocking. The move brings Tadweer Group and BEEAH, the region's sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company. The acquisition allows the two organisations to focus on their core business strategies, with Masdar increasing its clean energy capacity and Tadweer focusing on UAE operations and international expansion. The Sharjah Waste-to-Energy plant, inaugurated in 2022, plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE's sustainability objectives. The Emirates Waste-to-Energy joint venture will jointly own and operate the plant, with plans to increase its power output from 30 MW to 60 MW, double processing capacity for hard-to-recycle waste, and reduce emissions. Mohamed Al Ramahi, Chief Executive Officer of Masdar, said: 'We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.' Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said: 'Acquiring this high-performing asset will further enhance Tadweer Group's capabilities and support the UAE's ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.' Khaled Al Huraimel, Group CEO of BEEAH Group, said: 'We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.' - OGN /TradeArabia News Service
Gulf Today
6 days ago
- Business
- Gulf Today
Masdar announces divestment of its stake to Tadweer Group
Abu Dhabi Future Energy Company - Masdar, one of the world's leading renewable energy companies, on Wednesday announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The move also brings Tadweer Group together with BEEAH, the region's sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company, which owns and operates the Sharjah Waste-to-Energy plant. The acquisition by Tadweer Group of Masdar's stake is a strategic decision to allow the two organisations to focus on their respective core business strategies. Masdar is continuing to ramp up its clean energy capacity, while Tadweer Group is focusing on its UAE operations and international expansion to support its ambitions to become an international leader in sustainably unlocking the value of waste. Tadweer Group and BEEAH will now synergise their waste management expertise for the sustainable operations of the Sharjah Waste-to-Energy plant, while paving the way for future projects through their Emirates Waste-to-Energy joint venture. The Sharjah Waste-to-Energy project was inaugurated in 2022 under the Emirates Waste-to-Energy company as the first commercial-scale waste-to-energy plant in the Middle East. It plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE's broader sustainability objectives. Through the Emirates Waste-to-Energy joint venture, BEEAH and Tadweer will jointly own and operate the plant, including going forward with plans to increase its power output from 30 MW to 60 MW, while doubling processing capacity for hard-to-recycle waste and displacing twice the volume of emissions. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, "We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.' Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said, "Acquiring this high-performing asset will further enhance Tadweer Group's capabilities and support the UAE's ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.' Khaled Al Huraimel, Group CEO of BEEAH Group, said, "We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.' The finalisation of this agreement underscores the partners' commitment to advancing the UAE's sustainability agenda. The organisations will continue to collaborate on innovative initiatives within the clean and renewable energy sector, reinforcing the nation's role in driving the global energy transformation and contributing to a more sustainable future. Earlier in January 2025 Emirates Waste to Energy, the joint venture between BEEAH and Masdar, has formalised Phase Two expansion plans for the Sharjah Waste to Energy plant on the sidelines of the World Future Energy Summit (WFES) during Abu Dhabi Sustainability Week (ADSW). The signing ceremony took place between Khaled Al Huraimel, Group CEO and Vice Chairman of BEEAH, and Mohamed Jameel Al Ramahi, CEO of Masdar, at BEEAH's stand at the Summit. The Phase Two expansion will replicate the successes of the current Sharjah Waste to Energy plant, which was inaugurated in 2022 as the region's first commercial-scale waste-to-energy plant. The expansion will effectively double the plant's annual output from 30 MW to nearly 60 MW, while processing up to 600,000 tonnes of hard-to-recycle waste annually and displacing up to 1 million tonnes of CO2 emissions annually. With the completion of Phase Two, the plant will also produce enough power to meet the yearly energy requirements for the equivalent of nearly 60,000 homes, helping address the increasing energy demand for the growing population and development in the Emirate of Sharjah. Khaled Al Huraimel, Group CEO and Vice Chairman of BEEAH, welcomed the agreement saying, "This expansion marks a significant milestone in our journey towards eliminating landfills in Sharjah, demonstrating that zero-waste cities are possible and underscoring the vital role of waste-to-energy innovations in the clean energy transition. "Our collaboration with Masdar led to a regional first when the plant first began operations in 2022 – waste-to-energy operations at commercial-scale. Now, we will further build on that milestone by effectively doubling capacities. We are not only accelerating our zero-waste to landfill target but we are also making a substantial contribution to the national clean energy mix while reducing carbon emissions." He added, "We believe the success of this expansion will serve as a model for more cities to reduce dependence on landfills and eventually eliminate them while taking huge steps forward for the clean-energy and net-zero transition.' Mohamed Jameel Al Ramahi, CEO of Masdar, stated, 'We are proud to extend the Sharjah Waste-to-Energy Plant for Phase Two with BEAAH. This milestone represents a significant step forward in supporting the UAE's Net Zero by 2050 initiative and aligns with the country's leadership in pioneering innovative sustainable solutions. By building on the success of Phase 1, this project will help us achieve the UAE's ambitious target of diverting 75 per cent of solid waste from landfills, demonstrating the vital role of clean energy technologies in addressing environmental challenges and driving a sustainable future for the nation.' The Phase Two expansion will accelerate total landfill diversion in Sharjah, building on the current 90 per cent landfill diversion rate — one of the highest in the world — and bring BEEAH closer to its goal of realising a zero-waste city. The waste-to-energy facility will further complement BEEAH's four square-kilometre integrated waste management complex, where over ten specialised facilities recovery valuable material for introduction into the circular economy. The remaining, hard-to-recycle waste is sent to the Sharjah Waste to Energy plant, closing the loop and diverting nearly 300,000 tonnes of waste from landfill. Annually, the 80,000 square-metre facility currently generates 30 MW of low-carbon power — enough to power 28,000 homes, displacing almost 450,000 tonnes of CO2 emissions and conserving up to 45 million cubic metres of natural gas per year. Recently, the Sharjah Waste to Energy Plant achieved the milestone of processing 500,000 tonnes of waste with a notable uptime of 93 per cent, indicating a high-level efficiency and minimal disruption in its initial years of operation. The Phase Two expansion will virtually double the total capabilities of the current plant, allowing it to process a larger volume of hard-to-recycle waste, generate more clean energy, power more homes with clean energy and displace more CO2 emissions. The innovative waste-to-energy process involves several stages, including waste segregation, high-temperature combustion, energy generation through a steam turbine generator, and flue gas treatment to remove toxins and pollutants. The expansion will maintain these advanced processes, while ensuring safe and efficient operations. It will also further demonstrate the importance of waste-to-energy innovations in the clean-energy transition, which simultaneously reduces landfill and fossil fuel dependence while lowering emissions. WAM
Al Etihad
6 days ago
- Business
- Al Etihad
Tadweer acquires 'Waste-to-Energy' stake from Masdar
16 July 2025 11:15 ABU DHABI (WAM)Abu Dhabi Future Energy Company PJSC – Masdar, one of the world's leading renewable energy companies, Wednesday announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of move also brings Tadweer Group together with BEEAH, the region's sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company, which owns and operates the Sharjah Waste-to-Energy acquisition by Tadweer Group of Masdar's stake is a strategic decision to allow the two organisations to focus on their respective core business strategies. Masdar is continuing to ramp up its clean energy capacity, while Tadweer Group is focusing on its UAE operations and international expansion to support its ambitions to become an international leader in sustainably unlocking the value of Group and BEEAH will now synergise their waste management expertise for the sustainable operations of the Sharjah Waste-to-Energy plant, while paving the way for future projects through their Emirates Waste-to-Energy joint Sharjah Waste-to-Energy project was inaugurated in 2022 under the Emirates Waste-to-Energy company as the first commercial-scale waste-to-energy plant in the Middle East. It plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE's broader sustainability the Emirates Waste-to-Energy joint venture, BEEAH and Tadweer will jointly own and operate the plant, including going forward with plans to increase its power output from 30 MW to 60 MW, while doubling processing capacity for hard-to-recycle waste and displacing twice the volume of Jameel Al Ramahi, Chief Executive Officer of Masdar, said, 'We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture."As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.'Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said, 'Acquiring this high-performing asset will further enhance Tadweer Group's capabilities and support the UAE's ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.'Khaled Al Huraimel, Group CEO of BEEAH Group, said, 'We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.'The finalisation of this agreement underscores the partners' commitment to advancing the UAE's sustainability agenda. The organisations will continue to collaborate on innovative initiatives within the clean and renewable energy sector, reinforcing the nation's role in driving the global energy transformation and contributing to a more sustainable future.
Zawya
6 days ago
- Business
- Zawya
Tadweer acquires 'Waste-to-Energy' stake from Masdar
ABU DHABI - Abu Dhabi Future Energy Company PJSC – Masdar, one of the world's leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The move also brings Tadweer Group together with BEEAH, the region's sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company, which owns and operates the Sharjah Waste-to-Energy plant. The acquisition by Tadweer Group of Masdar's stake is a strategic decision to allow the two organisations to focus on their respective core business strategies. Masdar is continuing to ramp up its clean energy capacity, while Tadweer Group is focusing on its UAE operations and international expansion to support its ambitions to become an international leader in sustainably unlocking the value of waste. Tadweer Group and BEEAH will now synergise their waste management expertise for the sustainable operations of the Sharjah Waste-to-Energy plant, while paving the way for future projects through their Emirates Waste-to-Energy joint venture. The Sharjah Waste-to-Energy project was inaugurated in 2022 under the Emirates Waste-to-Energy company as the first commercial-scale waste-to-energy plant in the Middle East. It plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE's broader sustainability objectives. Through the Emirates Waste-to-Energy joint venture, BEEAH and Tadweer will jointly own and operate the plant, including going forward with plans to increase its power output from 30 MW to 60 MW, while doubling processing capacity for hard-to-recycle waste and displacing twice the volume of emissions. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, 'We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.' Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said, 'Acquiring this high-performing asset will further enhance Tadweer Group's capabilities and support the UAE's ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.' Khaled Al Huraimel, Group CEO of BEEAH Group, said, 'We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.' The finalisation of this agreement underscores the partners' commitment to advancing the UAE's sustainability agenda. The organisations will continue to collaborate on innovative initiatives within the clean and renewable energy sector, reinforcing the nation's role in driving the global energy transformation and contributing to a more sustainable future.
Zawya
6 days ago
- Business
- Zawya
Tadweer Group acquires waste-to-energy stake from Masdar, entering joint venture with BEEAH
Tadweer Group acquires ownership of Masdar's share of the Sharjah Waste-to-Energy plant and becomes a partner in the Emirates Waste-to-Energy joint venture with BEEAH, supporting significant contribution to landfill diversion in the UAE Having successfully partnered with Masdar throughout the project, BEEAH will now work with Tadweer Group through next expansion phase ABU DHABI, UAE – Abu Dhabi Future Energy Company PJSC – Masdar, one of the world's leading renewable energy companies, today announced the divestment of its stake, subject to customary closing conditions, in the Sharjah Waste-to-Energy plant to Tadweer Group, a leader in unlocking the value of waste. The move also brings Tadweer Group together with BEEAH, the region's sustainability and innovation pioneer, as joint venture partners in the Emirates Waste-to-Energy company, which owns and operates the Sharjah Waste-to-Energy plant. The acquisition by Tadweer Group of Masdar's stake is a strategic decision to allow the two organizations to focus on their respective core business strategies. Masdar is continuing to ramp up its clean energy capacity, while Tadweer Group is focusing on its UAE operations and international expansion to support its ambitions to become an international leader in sustainably unlocking the value of waste. Tadweer Group and BEEAH will now synergize their waste management expertise for the sustainable operations of the Sharjah Waste-to-Energy plant, while paving the way for future projects through their Emirates Waste-to-Energy joint venture. The Sharjah Waste-to-Energy project was inaugurated in 2022 under the Emirates Waste-to-Energy company as the first commercial-scale waste-to-energy plant in the Middle East. It plays a vital role in diverting waste from landfills and converting it into electricity, supporting the UAE's broader sustainability objectives. Through the Emirates Waste-to-Energy joint venture, BEEAH and Tadweer will jointly own and operate the plant, including going forward with plans to increase its power output from 30 MW to 60 MW, while doubling processing capacity for hard-to-recycle waste and displacing twice the volume of emissions. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: 'We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.' Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said: 'Acquiring this high-performing asset will further enhance Tadweer Group's capabilities and support the UAE's ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.' Khaled Al Huraimel, Group CEO of BEEAH Group, said: 'We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.' The finalization of this agreement underscores the partners' commitment to advancing the UAE's sustainability agenda. The organizations will continue to collaborate on innovative initiatives within the clean and renewable energy sector, reinforcing the nation's role in driving the global energy transformation and contributing to a more sustainable future. -Ends- Contacts: For Masdar media enquiries, please contact: press@ For more information please visit: and connect: and For Tadweer media enquiries, please contact: Sara Mousa, Corporate Communications Manager For more information, please visit For BEEAH media enquiries, please contact: press@ About Masdar Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year. About Tadweer Group Tadweer Group, part of ADQ, an Abu Dhabi-based holding company, is leading the way in promoting sustainable waste practices and establishing new benchmarks for the circular economy. The company's strategic vision is aimed at revolutionising waste management by unlocking the value of waste. As the sole custodian of waste management in Abu Dhabi, Tadweer Group is committed to deploying advanced technologies and fostering strategic partnerships in support of the UAE's sustainability objectives, working towards its goal of diverting 80% of Abu Dhabi's waste away from landfill by 2030. In addition to its commitment to Abu Dhabi, Tadweer Group has ambitious international goals, striving to make significant contributions to sustainable waste management beyond the UAE. Please see a link here to the locations of Tadweer Group's Recyclable Materials Collection Centres, collection points, Reverse Vending Machines, and more. About BEEAH BEEAH is a sustainability and innovation pioneer, creating solutions for a sustainable future across environment, energy, healthcare, technology, and real estate. Headquartered in Sharjah, UAE, BEEAH operates across the Middle East and North Africa, driving positive environmental impact through technology, sustainable development, and strategic partnerships.
