Abu Dhabi National Oil Company (ADNOC), Mubadala and industrial holding company ADQ signed an agreement to form a hydrogen alliance, focusing on low-carbon green and blue hydrogen as part of the UAE’s continued energy diversification efforts.
Under the terms of the agreement, the alliance will 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, with the aim of positioning Abu Dhabi as a reliable and secure supplier of hydrogen and its carriers to customers around the world as demand grows.
During a virtual ceremony, the MoU was signed by Khaldoon Khalifa Al Mubarak, managing director and Group chief executive officer of Mubadala Investment Company, Dr. Sultan Ahmed Al Jaber, UAE minister of industry and advanced technology and ADNOC Group CEO, and Mohamed Hassan Alsuwaidi, chief executive officer of ADQ.
ADNOC plans to explore "green hydrogen opportunities" and will place "special emphasis" on pursuing blue hydrogen projects by expanding on its existing hydrogen capacity, leveraging significant gas reserves and infrastructure, said Al Jaber.
Al Mubarak said: “As a responsible investor, we are actively engaged in a number of new energy investments that will contribute to more efficient and lower emission energy solutions. 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.”
Alsuwaidi commented: “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.”