The Abu Dhabi National Oil Company (ADNOC) announced that it has joined the Hydrogen Council.
The 100-plus member international organisation with companies from over 20 countries supports the acceleration of hydrogen adaptation in the energy transition.
Hydrogen has the potential to be a low-carbon fuel with over 30 countries having released hydrogen roadmaps and more than 228 large-scale projects underway along the value chain.
Reports suggest that hydrogen may account for as much as 18 per cent of global energy demand by 2050.
Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, said, "ADNOC is an early pioneer in the emerging market for hydrogen and its carrier fuels, such as blue ammonia, driving the UAE’s leadership in creating international hydrogen value chains and a local hydrogen eco-system."
ADNOC is working with the UAE Ministry of Energy and Infrastructure, Mubadala Investment Company (Mubadala) and ADQ in the Abu Dhabi Hydrogen Alliance (the Alliance) to jointly establish Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in emerging international markets.
ADNOC plans to leverage its existing hydrogen production infrastructure to become one of the lowest cost and largest producers of blue hydrogen in the world.
UAE's Ali Alhosani has been elected Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has witnessed the signing of an agreement to establish the Centre for Global Future Opportunities in Dubai during the Annual Meeting of Global Future Leaders.
Founder and Managing Director of Emaar Properties, Mohamed Alabbar revealed that Emaar has sustained its collection rate of 98 per cent, with its sales backlog standing at around AED 180 billion.
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has met India’s Minister of External Affairs, Dr Subrahmanyam Jaishankar, in Abu Dhabi.
Dubai developer H&H has revealed details of the Water Gardens, a new mixed-use destination in the Dubai International Financial Centre (DIFC), with the first phase due to be completed in 18 months.