Mubadala Investment Company (Mubadala), the Abu Dhabi National Oil Company (ADNOC), and ADQ, have signed a Memorandum of Understanding (MoU) to establish the Abu Dhabi Hydrogen Alliance. As part of this agreement, these partners will collaborate to establish a major green hydrogen economy in the United Arab Emirates (UAE).
They will work to make Abu Dhabi a leader in low-carbon green and blue hydrogen in emerging international markets. Further, a roadmap will be developed to accelerate hydrogen application in sectors like utilities, mobility and industry in the UAE and make Abu Dhabi as a major global hydrogen supplier. UAE’s geographic location advantages, its growing local and export demand and strong industrial capacity across the energy value chain make it well poised for growth in the hydrogen space.
A major natural gas reserves holder and producer, with existing infrastructure and strong partnerships worldwide, ADNOC already produces around 300,000 tons per annum of hydrogen for its downstream operations. It has plans to expand to more than 500,000 tons. The company will continue to develop blue hydrogen independently for domestic purposes, while the Alliance will focus on green hydrogen.
Meanwhile, Mubadala through Masdar, will be able to leverage the extensive network of international technology, investment partners and other relationships. ADQ has various portfolio companies like Abu Dhabi Ports, Abu Dhabi Airports, Etihad Rail, Etihad Steel, Abu Dhabi National Energy Company (TAQA) and Emirates Nuclear Energy Corporation (ENEC) that will be used to enable different activities.