ReutersDUBAI: Abu Dhabi, the capital of the Untied Arab Emirates, has agreed a deal to produce and export hydrogen as fuel, its state media office announced on Sunday.
So-called green hydrogen, created by splitting water into its two components using electricity from renewable energy sources, is increasingly viewed as a fuel of the future to reduce carbon emissions from fossil fuels.
Abu Dhabi National Oil Co (ADNOC), Abu Dhabi state investor Mubadala and state-owned holding company ADQ have signed a memorandum of understanding to establish the Abu Dhabi Hydrogen Alliance, the statement said. The plan is to produce both green hydrogen and blue hydrogen, which is produced from natural gas, to export to emerging international markets.
So-called green hydrogen, created by splitting water into its two components using electricity from renewable energy sources, is increasingly viewed as a fuel of the future to reduce carbon emissions from fossil fuels.
Abu Dhabi National Oil Co (ADNOC), Abu Dhabi state investor Mubadala and state-owned holding company ADQ have signed a memorandum of understanding to establish the Abu Dhabi Hydrogen Alliance, the statement said. The plan is to produce both green hydrogen and blue hydrogen, which is produced from natural gas, to export to emerging international markets.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
1 Comment on this Story
 | Praker 7 minutes ago Oil rich nations are exploring alternative to oil.. India still import crude oil.. mixing of alcohol with petrol is still in paper.. highly polluted diesel is cheaper than cleaner petrol. |