Page 4 - MEOG Week 03 2021

MEOG COMMENTARY MEOG

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

P4 www. NEWSBASE .com Week 03 20•January•2021