Energy Top Stories
UAE-Russia-hydrogen-partnership-GBO-image

UAE and Russia ink agreement to partner on hydrogen development

Both countries agree to collaborate in manufacturing of hydrogen equipment production, liquefaction and use of raw hydrogen

The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a memorandum of understanding (MoU) with the Ministry of Industry and Trade of the Russian Federation where they will collaborate in hydrogen fuel technology, according to media reports. Both countries have agreed to work together to manufacture the equipment that is primarily used in the production, liquefaction and the use of raw hydrogen and fuel mixtures that have hydrogen as the primary element.

The MoU is in line with both the countries common objective to develop sustainable and reduced or emission-free energy sources, as well as achieve a carbon neutral industrial sector while ensuring its continued growth. The partnership will also explore ways of supporting the production, storage and transportation of hydrogen fuel.

The MoU was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Denis Manturov, Russian Minister of Industry and Trade, on the sidelines of the 37th edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2021).

MoIAT aims to highlight the competitive advantages of the UAE’s industrial sector by participating in ADIPEC 2021 while introducing international delegates to the investment opportunities it offers. Additionally, it also showcased the ability of local industrial companies to forge partnerships that contribute to a healthy exchange of knowledge and expertise, and also reach international markets.

In recent years, the UAE has made significant developments in its hydrogen production, reaching approximately 300,000 tons annually through ADNOC’s downstream facilities. The UAE is also working on the green hydrogen project at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, a first-of-its-kind project in the region.

Related posts

Thailand SEC allows Bitkub to resume services after suspension

GBO Correspondent

Development Bank of Namibia settle its first bond amid Covid-19 pandemic

GBO Correspondent

GCC expects to see fresh round of M&As in banking sector

GBO Correspondent