Page 4 - DMEA Week 03 2021

DMEA COMMENTARY DMEA

Abu Dhabi unveils steps to

become a hydrogen leader

Three of Abu Dhabi’s most prominent state entities have announced the formation
of a hydrogen alliance among which will develop a roadmap in increase the uses

and opportunities for hydrogen both at home and internationally

UAE ABU Dhabi National Oil Co. (ADNOC), capacity and capabilities”.
Mubadala Investment Co. and holding com- The MoU was signed during a virtual cere-
WHAT: pany ADQ this week announced the signing mony by Mubadala’s managing director and
Abu Dhabi’s new of a memorandum of understanding (MoU) CEO Khaldoon Khalifa Al Mubarak, UAE Min-
hydrogen alliance will to establish the Abu Dhabi Hydrogen Alliance ister of Industry and Advanced Technology and
seek to leverage its (ADHA). ADNOC Group CEO Sultan Al Jaber and ADQ
stakeholders’ expertise The announcement comes as oil and gas CEO Mohamed Hassan Alsuwaidi.
of traditional and producers throughout the region have begun Al Jaber noted: “This alliance integrates our
alternative energies, and realigning long-term strategies to include alter- complementary strengths as industrial, energy
infrastructure. native energy sources amid ongoing concerns and financial leaders to address the global chal-
about demand for hydrocarbons. lenge of meeting energy demand, while reducing
WHY: The formation of ADHA marks a significant emissions. In addition, this Alliance will build
The emirate is taking step to fulfil plans first noted in November by on Abu Dhabi and the UAE’s global energy lead-
a bold step towards Abu Dhabi Crown Prince Sheikh Mohammed ership and position as the center of gravity for
becoming a global leader bin Zayed, vice-chairman of the former Supreme energy innovation.
in the nascent green Petroleum Council (SPC) when he instructed “Working together as an alliance, we will
hydrogen industry. ADNOC to “explore potential opportunities in identify viable international market opportu-
hydrogen with the ambition to position the UAE nities, while we develop a roadmap to create
WHAT NEXT: as a hydrogen leader”. hydrogen production sites in Abu Dhabi, and
The announcement was According to a joint statement: “The Alliance the UAE,” he added.
followed by a major deal partners will collaborate to establish Abu Dhabi
between the UAE and as a trusted leader of low-carbon green and blue Deal with Japan
Japan to explore fuel hydrogen in emerging international markets. Shortly before the ADHA announcement was
ammonia opportunities, They will also work together to build a substan- made, ADNOC and Japan’s Ministry of Econ-
indicating the global tial green hydrogen economy in the UAE.” omy, Trade and Industry (METI) agreed to
reach of these plans. The focus of the alliance will be domestic collaborate on initiatives in fuel ammonia and
development of the green hydrogen sector, carbon recycling as Tokyo seeks to shore up an
while ADNOC focus on “blue hydrogen inde- blue ammonia supply chain.
pendently within the UAE, leveraging its existing A memorandum of co-operation was signed

P4 www. NEWSBASE .com Week 03 21•January•2021