Mubadala, ADNOC and ADQ form alliance to grow green hydrogen economy in the UAE

Mubadala, ADNOC and ADQ form alliance to grow green hydrogen economy in the UAE

Mubadala Investment Company (Mubadala), The Abu Dhabi National Oil Company (ADNOC), and ADQ, signed an MoU on Sunday to establish the Abu Dhabi Hydrogen Alliance.

The Alliance will work towards establishing Abu Dhabi as leader of low-carbon green and blue hydrogen in emerging international markets and will help build a substantial green hydrogen economy in the UAE.

It will also develop a roadmap to accelerate the UAE's adoption and use of hydrogen in major sectors such as utilities, mobility and industry, through each of the alliance member's respective companies.

It will also position Abu Dhabi as key supplier of hydrogen as demand for it grows globally.

ADNOC already produces around 300,000 tons per annum of hydrogen for its downstream operations, with plans to expand to more than 500,000 tons. ADNOC already signed an agreement last week with the Ministry of Economy, Trade and Industry of Japan to explore cooperation on fuel ammonia and carbon recycling, harnessing technologies which will enable the hydrogen economy.

Mubadala meanwhile will contribute through Masdar, and its extensive network of international technology and investment partners. ADQ will bring together its portfolio companies across the energy value chain, with companies such as Abu Dhabi Ports, Abu Dhabi Airports, Etihad Rail, Etihad