ADNOC seeks to adapt hydrogen into energy portfolio

Tuesday, 13 July 2021 09:10

By ARN News Staff

The Abu Dhabi National Oil Company (ADNOC) announced that it has joined the Hydrogen Council.

The 100-plus member international organisation with companies from over 20 countries supports the acceleration of hydrogen adaptation in the energy transition.

Hydrogen has the potential to be a low-carbon fuel with over 30 countries having released hydrogen roadmaps and more than 228 large-scale projects underway along the value chain.

Reports suggest that hydrogen may account for as much as 18 per cent of global energy demand by 2050.

Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, said, "ADNOC is an early pioneer in the emerging market for hydrogen and its carrier fuels, such as blue ammonia, driving the UAE’s leadership in creating international hydrogen value chains and a local hydrogen eco-system."

View this post on Instagram

A post shared by ADNOC Group (@adnocgroup)

ADNOC is working with the UAE Ministry of Energy and Infrastructure, Mubadala Investment Company (Mubadala) and ADQ in the Abu Dhabi Hydrogen Alliance (the Alliance) to jointly establish Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in emerging international markets.

ADNOC plans to leverage its existing hydrogen production infrastructure to become one of the lowest cost and largest producers of blue hydrogen in the world.

More from Business News

UK's Jaguar Land Rover to halt US shipments over tariffs

Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, as it considers how to mitigate the cost of President Donald Trump's 25% tariff, according to a report in the Times newspaper.
US starts collecting Trump's new 10% tariff

U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).