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The Abu Dhabi development holding company said in a statement on Sunday that a coalition of 3 government companies was working to create a coalition for the hydrogen industry.
According to the statement released by the official Emirates News Agency (WAM), Mubadala Investment Company, Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Investment Company will form a tripartite alliance to produce hydrogen.
The oil-rich Emirate of Abu Dhabi is targeting hydrogen for export as future energy and making it a blue and green hydrogen exporter.
At the beginning of December, OPEC confirmed that it was following with great interest international developments towards a switch to the use of hydrogen as a fuel for the future, which would help to create a low carbon energy system. .
Following the announcement, the alliance known as the “Abu Dhabi Hydrogen Coalition” will work to develop a roadmap to accelerate the adoption and use of hydrogen in key sectors of the country with global partners.
The consortium is investing the power of the three companies to produce hydrogen as a clean energy source, with Abu Dhabi’s national oil company currently producing around 300,000 tonnes of hydrogen per year for its refining and petrochemical operations.
Some Middle Eastern countries that have built their wealth by exporting petroleum are looking to develop hydrogen as a fuel in the future, given the shift in some markets towards alternative energy demands that cause less pollution than gasoline. oil.
Saudi Energy Minister Prince Abdulaziz bin Salman said earlier that Saudi Arabia wanted the world’s largest hydrogen transporter, given that it is the world’s largest oil exporter.
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