Masdar Looking to Accelerate Hydrogen Production in the UAE
Abu Dhabi Future Energy Company PJSC – Masdar will host the second annual Green Hydrogen Summit, as part of the World Future Energy Summit, to accelerate the development of the global green hydrogen economy and support the energy transition.
Highlighting green hydrogen’s growing potential to support economies in reaching net zero emissions, the Green Hydrogen Summit will bring together a diverse range of stakeholders including policymakers, industry leaders, forward-thinking investors and pioneering entrepreneurs.
Under the theme, Building the Hydrogen Economy: From Dialogue to Reality, the Summit will provide a platform to engage leading hydrogen players worldwide for in-depth discussions on advancing the low-carbon hydrogen economy, in alignment with global efforts to navigate to net zero.
As major economies look to decarbonise their end-use sectors, participants will discuss industries representing the largest demand segments for green hydrogen and take an in-depth look at economies and regions leading the emerging green hydrogen market.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said:
Masdar is working to accelerate the journey to net zero and triple global renewable capacity as part of the historic UAE Consensus reached at COP28.
Green hydrogen is key to a sustainable energy transition and a vital component of global decarbonisation efforts. That’s why it is important that we continue to focus on developing the whole green hydrogen value chain, establishing clear frameworks for cooperation, sharing best practices and aligning regulations to accelerate the transition to a sustainable hydrogen economy.
These green hydrogen business aims, gear Marsdar to be a leading global producer by 2030, supporting Abu Dhabi’s Low-Carbon Hydrogen Policy announced during COP28, following a trilateral strategic collaboration between Abu Dhabi Department of Energy, ADIO and Masdar to position the UAE as a global hydrogen leader.
Power-to-X projects in the pipeline
Masdar is at the vanguard of making this vision a reality, developing power-to-X projects, both in the UAE and globally, that turn water and electricity into carbon-neutral synthetic fuels. Major announcements in the last 12 months demonstrate Masdar’s commitment to realising large-scale green projects for hydrogen and its derivatives.
They will explore the production of e-methane in Abu Dhabi with Japanese energy companies INPEX, Tokyo Gas and Osaka Gas, and has partnered with OMV on a project to produce green hydrogen for decarbonising industrial processes.
An agreement between Masdar and France’s Hy24 will provide access to a pipeline of up to €2 billion in green hydrogen co-investment and co-development opportunities, while Masdar’s partnership with Emirates Steel Arkan is set to develop an innovative green hydrogen project to decarbonise the UAE’s steel sector.
Masdar and TotalEnergies also conducted the first test flight to demonstrate the potential for converting methanol to sustainable aviation fuel. And, Masdar has joined the Hydrogen Council to help advance hydrogen’s role in reaching global decarbonisation goals.
With green hydrogen poised to play a pivotal role in shaping the future of energy sustainability, the Green Hydrogen Summit agenda will delve into crucial aspects such as regulatory frameworks, innovation and sustainable finance to chart a course toward a sustainable energy landscape.
