UAE’s state energy company ADNOC is keen to explore the potential of the hydrogen market with India’s private and public sectors.
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and managing director and group CEO of ADNOC, said that this was to support the Asian country’s growing demand for energy and need for cleaner fuels.
Speaking at a hydrogen roundtable attended by India’s Minister of Petroleum and Natural Gas, Dr. Al Jaber, said: “India and the UAE enjoy a very special relationship that is underpinned by deep-rooted bilateral ties across multiple sectors. Today, India is one of our biggest and most important trading partners, particularly in the field of energy.
“And as India’s demand for energy grows, we stand ready to help meet that demand by making the full portfolio of our products available to the Indian market.”
“However, at the same time, we recognise that the world and India for that matter require more energy with fewer emissions. And as we collectively navigate the global energy transition, we believe hydrogen offers promise and potential as a genuinely zero-carbon fuel. Granted hydrogen is still in its infancy, it could be a game-changer and a real opportunity to accelerate the broader energy transition. An opportunity that ADNOC and the UAE are well placed to capitalise on.”
ADNOC currently produces about 300,000 tons of hydrogen a year as part of its current industrial processes, he added.
ADNOC is also exploring the potential of green hydrogen through the Abu Dhabi Hydrogen Alliance which was recently established by ADNOC, Mubadala Investment Company (Mubadala) and ADQ, Dr. Al Jaber said.
“Working together, we are identifying viable international market opportunities and developing a roadmap to create a hydrogen ecosystem to serve both the UAE and the global market.
That said, we recognise that the key to developing the hydrogen economy of the future will be aligning supply and demand. This is where we are currently working with partners, customers, and other interested parties to build the value-chains required to seed the emerging hydrogen market.”
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