Mubadala Investment company (Mubadala), the Abu Dhabi National Oil Company (ADNOC), and ADQ Holding company signed a Memorandum of Understanding (MoU) to establish Abu Dhabi Hydrogen Alliance, according to press release reported by WAM.
This partnership is aiming at establishing Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in the emerging international markets as well as building sustainable green hydrogen economy on UAE.
The agreement stated that the Alliance will conduct a roadmap to accelerate the UAE’s adoption and use of hydrogen in major sectors. They will, also, follow the international markets on their approach when developing their projects and position Abu Dhabi as a reliable and secure supplier of hydrogen and its carriers to customers around the world as demand grows.
The MoU was signed by Sultan Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology and ADNOC Group CEO, Khaldoo, Khalifa Al Mubarak, Managing Director and Group Chief Executive Officer of Mubadala Investment Company, and Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ.
“The companies are building on their complementary strengths to accelerate Abu Dhabi’s hydrogen leadership”, the statement mentioned.