Abu Dhabi National Oil Company said it aims to support India's growing demand for energy
Abu Dhabi National Oil Company (ADNOC) is keen to explore the potential of hydrogen, with both the private and public sectors, to support the growing demand for energy of its major trading partner, India.
Dr Sultan Ahmed Al Jaber, ADNOC’s managing director and Group CEO, as well as the UAE’s minister of industry and advanced technology, said although hydrogen is in its infancy, it has the potential to be a genuinely zero carbon fuel, and it presents an opportunity to accelerate the energy transition.
“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,” he told a virtual Hydrogen Roundtable organised by the Energy Forum and the Federation of Indian Petroleum Industry.
Al Jaber said ADNOC currently produces about 300,000 tons of hydrogen per year.
He said the company’s existing infrastructure and commercial-scale carbon capture utilisation storage (CCUS) capabilities meant it can become a major player in the developing blue hydrogen market.
ADNOC, Abu Dhabi state fund Mubadala and industrial holding company ADQ signed an agreement in January to form a hydrogen alliance focusing on low-carbon green and blue hydrogen as part of the UAE’s continued energy diversification efforts.
The partnership aims to establish Abu Dhabi as a "trusted exporter of hydrogen to emerging international markets and build a substantial green hydrogen economy in the UAE".
“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 recognise that the key to developing the hydrogen economy of the future will be aligning supply and demand,” Al Jaber said.
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