Mubadala Energy, Masdar to collaborate on decarbonisation, energy transition projects

Mubadala Energy, Masdar to collaborate on decarbonisation, energy transition projects

Mubadala Energy and Masdar have signed an agreement, which will see both companies jointly explore collaborations that leverage Mubadala Energy’s deep technical capabilities across its operated and non-operated portfolio, together with Masdar’s know-how in decarbonisation and energy transition technologies. With a focus on ’s core regions, including the Middle East and North Africa (MENA) and Southeast Asia (SEA), and with the option of exploring other regions of mutual interest, the partnership will cover a range of synergistic areas. These include: Dr Bakheet Al Katheeri, CEO of UAE Investments Platform at Mubadala Investment Company, said he was confident this collaboration would accelerate solutions to complex challenges and create opportunities for strategic investment. “Energy transition and decarbonisation are key drivers shaping the global economy. By bringing together two of Abu Dhabi’s leading international energy champions to leverage their deep expertise, we are creating a catalyst for innovation. I’m confident this collaboration will accelerate solutions to complex challenges and create opportunities for strategic investment.” Mansoor Mohamed Al Hamed, CEO , said: “Aligned with the UAE’s net zero ambitions, we continue to action a clear strategy to recalibrate our business and play a more proactive role in supporting the energy transition drive towards lower