Abu Dhabi Department of Energy (DoE), Abu Dhabi Investment Office (ADIO) and Abu Dhabi Future Energy Company PJSC – Masdar have signed a tripartite agreement to accelerate the hydrogen economy in Abu Dhabi and position the UAE as a global leader. Low Carbon Hydrogen Production and Export.
The announcement follows Abu Dhabi’s recently introduced low-carbon hydrogen policy, which creates the framework to accelerate production on a much larger scale. By connecting manufacturing hubs, vendors and H2 storage in the UAE, it provides a key opportunity to deploy a shared hydrogen infrastructure that creates economies of scale and creates a world-class production and export hub for clean hydrogen and its derivatives, and enables decarbonisation. Difficult fields.
The strategic tripartite collaboration is expected to expand the green hydrogen sector in Abu Dhabi, providing market conditions that attract international investment and co-development, further diversifying the UAE economy and creating new knowledge-based jobs and opportunities.
„Confirming our commitment to progress towards a sustainable energy future, sustainable hydrogen is integral to Abu Dhabi’s energy transition, playing a key role in the implementation of the UAE’s net-zero strategy. Low-carbon hydrogen, a promising technology, will contribute to the development of a sustainable industry in the Emirates, spur economic growth and add significant value.” , is also a cornerstone for creating quality jobs. The energy sector’s policy is critical in shaping the course of hydrogen development, contributing significantly to the economic prosperity and prosperity of Abu Dhabi,” said Ahmed Mohammed Al Rumaidi, Deputy Secretary of the Department of Energy (DoE) Abu Dhabi.
: “This important step forward in Abu Dhabi’s green hydrogen financing and investment initiatives brings the UAE’s National Hydrogen Strategy to life, and positions Abu Dhabi as a leading global hub for the production and export of low-carbon hydrogen. Masdar is playing its part through the development and deployment of green hydrogen, targeting 1 million tons per year,” added Mohamed Jameel Al Ramahi, Masdar CEO.
The UAE’s National Hydrogen Strategy aims to increase local hydrogen production to 1.4 million tpy by 2031 and 15 million tonnes per year by 2050. This is considered an important step towards achieving the country’s ambition of achieving net-zero emissions by 2020.
Masdar has been a pioneer in exploring hydrogen production since 2008, and has been developing and investing in strategic projects across the hydrogen value chain. Of Masdar’s 1 million t capacity, half will be produced in Abu Dhabi, local demand is expected to be around 200 000 tpy, and the rest will be exported.
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Read the article online: https://www.energyglobal.com/other-renewables/06122023/masdar-and-partners-to-support-low-carbon-hydrogen-economy-in-abu-dhabi/