ADNOC unveils ambition to scale up hydrogen and ammonia operations

Richard Ewing

23-Nov-2020

LONDON (ICIS)–Abu Dhabi National Oil Company (ADNOC) was on Sunday mandated to explore potential opportunities in the fast-emerging hydrogen sector, with such an investment likely to involve ammonia production.

The energy and petrochemicals major already produces hydrogen for its downstream operations and will now look at ways to help meet global demand for hydrogen and ammonia derived from natural gas.

“The mandate to explore potential opportunities in hydrogen will see ADNOC capitalise on the emerging global market for hydrogen by leveraging its existing infrastructure and partnership base as well as Abu Dhabi’s vast reserves of natural gas,” ADNOC said in a news release.

“Building on its advantaged position as a major natural gas reserves holder and producer, with existing infrastructure and strong partnerships, ADNOC is well placed to lead the development of international value chains and establish a hydrogen ecosystem for the UAE in partnership with other Abu Dhabi entities.”

No further details about its plans or scale of potential investment were disclosed, but a series of major green and blue ammonia and hydrogen projects have been announced for many countries in the past year.

They include a $5bn joint venture in Saudi Arabia involving Air Products, while a string of investments have been unveiled in Australia, mainly for green ammonia and hydrogen production using renewable energies.

ADNOC noted that it has delivered $16.8bn in foreign direct investment (FDI) to the UAE this year, taking the total FDI it has driven since 2016 to $64.5bn.

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