KHALEEJ TIMES, Monday, Jan 18, 2021 | Jamadi Al Thani 5, 1442
New Abu Dhabi entity to accelerate UAE hydrogen economy drive
Emirates:
Abu Dhabi’s drive to build a substantial green hydrogen economy in the
UAE received a major fillip with Mubadala Investment Company, the Abu Dhabi
National Oil Company and ADQ announcing on Sunday the signing of a
Memorandum of Understanding to establish the Abu Dhabi Hydrogen Alliance.
The Alliance partners will collaborate to establish Abu Dhabi as a trusted
leader of low-carbon green and blue hydrogen in emerging international markets.
In a joint statement, the three companies said the Alliance would develop a
roadmap to accelerate the UAE’s adoption and use of hydrogen in major sectors
such as utilities, mobility and industry, through their respective operating
companies and with international partners.
Mubadala, Adnoc and ADQ will also align on their approach to international
markets, for projects developed under the Alliance, to position Abu Dhabi as a
reliable and secure supplier of hydrogen and its carriers to customers around
the world as demand grows.
The MoU was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and
Advanced Technology and Adnoc Group CEO, Khaldoon Khalifa Al Mubarak, MD and
group CEO of Mubadala Investment Company, and Mohamed Hassan Alsuwaidi, chief
executive officer of ADQ, during a virtual ceremony.
“The Alliance integrates our complementary strengths as industrial, energy and
financial leaders to address the global challenge of meeting energy demand,
while reducing emissions,” said Al Jaber.
“In addition, this alliance will build on Abu Dhabi and the UAE’s global energy
leadership and position as the centre of gravity for energy innovation.”
“While we explore green hydrogen opportunities through the Alliance, ADNOC will
place special emphasis on pursuing blue hydrogen projects by expanding on its
existing hydrogen capacity, leveraging its significant gas reserves and
best-in-class infrastructure, as well as its extensive customer relationships to
help advance the hydrogen industry, both domestically and internationally.
“Working together as an alliance, we will identify viable international market
opportunities, while we develop a roadmap to create hydrogen production sites in
Abu Dhabi, and the UAE,” said the minister.
Al Mubarak said hydrogen offers significant potential in this regard and with
the renewables expertise and experience of Masdar, “we are well placed to
develop leadership in the green hydrogen value chain.
“Our engagement with Adnoc and ADQ is an important step in the establishment of
the UAE’s hydrogen economy, and to align on technology, investment, the
development of the domestic market and our approach to international partners
and off-takers.”
Alsuwaidi said forming the Abu Dhabi Hydrogen Alliance is an imperative that
would deepen the hydrogen energy economy in the UAE allowing it to meet the
rapidly growing global demand for hydrogen worldwide.
He said with Abu Dhabi’s largest portfolio of energy and utilities investments,
ADQ would play an important role in the transition to cleaner energy while
shaping the future of this economic cluster leading to Abu Dhabi longer-term
sustainability.
“ADQ looks forward to working with Adnoc and Mubadala in defining the agenda for
the Alliance. The scale of resources and experience each company brings to the
new Alliance positions Abu Dhabi for accelerated growth in the hydrogen energy
field, ultimately supporting the realization of the UAE’s decarbonization
objectives,” said Alsuwaidi.
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