Friday, February 26, 2021

Abu Dhabi Firms Mubadala, ADNOC, and ADQ Establish Hydrogen Alliance

The Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and ADQ have announced the signing of a Memorandum of Understanding (MoU) to establish the Abu Dhabi Hydrogen Alliance (the Alliance). The Alliance partners will collaborate to establish Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in emerging international markets. They will also work together to build a substantial green hydrogen economy in the UAE.

Under the terms of the agreement, the Alliance will develop a roadmap to accelerate the UAE’s adoption and use of hydrogen in major sectors such as utilities, mobility, and industry, through their respective operating companies and with international partners.

This alliance integrates our complementary strengths as energy and financial leaders to address the global challenge of meeting energy demand while reducing emissions. In addition, this Alliance will build on Abu Dhabi and the UAE’s global energy leadership and position as the center of gravity for energy innovation.

Working together as an alliance, we will identify viable international market opportunities, while we develop a roadmap to create hydrogen production sites in Abu Dhabi, and the UAE.

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