Partners to Advance Green Hydrogen in Abu Dhabi (Green Hydrogen)
Mubadala, Siemens Energy, Masdar
In Abu Dhabi, Mubadala Investment Company and Siemens Energy are reporting a Memorandum of Understanding (MoU) for a strategic partnership to drive investment and development of advanced technology, manufacture of equipment, and green hydrogen and synthetic fuel production in Abu Dhabi and international markets.
Together with Masdar and other energy players in the Mubadala Group, the companies will work to:
Utilize renewable energy to produce green hydrogen and synthetic fuels providing clean and transportable energy to fuel new hydrogen-based ecosystems;
Establish an Abu Dhabi-headquartered world-class player in the synthetic fuels sector;
Jointly advance technology and drive down the costs of green hydrogen and synthetic fuels production
Enable Mubadala and Siemens Energy to access emerging hydrogen markets and create value for both parties.
The agreement participants will also consider construction of a demonstration plant at Masdar City. The demo would be to be developed by Siemens Energy, Masdar, and other key players in the technology, distribution, and end-use portions of the green hydrogen value chain.
(Source: Mubadala Investment Company, PR, 17 Jan., 2021) Contact: Mubadala Investment Company PJSC, +971 2-413-0000, Fax: +971 2-413-0001, www.mubadala.com; Siemens Energy, www.siemens-energy.com
More Low-Carbon Energy News Green Hydrogen, Siemens Energy, Syn Fuel,