UAE’s Minister of Industry & Advanced Technology and Managing Director and Group CEO of ADNOC, Dr. Sultan Ahmed Al Jaber has stated that the company is eager to explore the Hydrogen market with India’s public and private sectors to support the country’s rising demand for energy and need for cleaner fuels.
Furthermore, Dr. Al Jaber has reaffirmed the UAE-India close economic relations during the high-level ministerial session at a virtual Hydrogen Roundtable organized by The Energy Forum in partnership with the Federation of Indian Petroleum Industry and India’s Ministry of Petroleum and Natural Gas.
“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 recognize 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 capitalize on.”
ADNOC produces around 300,000 tones of hydrogen per year as part of its current manufacturing processes, he said. Furthermore, he expects that the organization will become a major player in the growing blue hydrogen market with its current infrastructure and commercial-scale Carbon Capture Utilization Storage capabilities.
According to Dr. Al Jaber, ADNOC is also exploring the potential of green hydrogen through the Abu Dhabi Hydrogen Alliance, which was recently founded by ADNOC, Mubadala Investment Company, and ADQ.
“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 recognize 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,” Dr. Al Jaber concluded.