The three largest government-backed organizations in Abu Dhabi have agreed to work together to turn the oil-rich UAE into an exporter of blue and green hydrogen.
Mubadala Investment Co., Abu Dhabi National Oil Co. and ADQ have formed an alliance to produce hydrogen using natural gas and renewable energy and market it abroad as well as in the UAE, ADQ said in a statement.
A few states in the Middle East that have made their fortunes on oil are trying to develop hydrogen as a fuel, sheltering their buyers to switch to some crude alternative. Saudi Arabia’s energy minister says he wants the kingdom – the world’s largest oil exporter – to become the world’s largest shipper of hydrogen.
Like Saudi Arabia, Abu Dhabi produces natural gas, which it uses to produce what is known as blue hydrogen. It also contains a lot of sunshine that can develop a variant called green hydrogen. Abu Dhabi is the capital and largest emirate of the United Arab Emirates.
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