ADNOC seeks hydrogen ventures with India
LONDON (ICIS)–The Abu Dhabi National Oil Company (ADNOC) wants to explore hydrogen opportunities with India’s public and private sectors to cater to growing demand for energy and for cleaner fuels, the group’s managing director and CEO said on Thursday.
Dr. Sultan Ahmed Al Jaber, who is also the UAE’s minister of industry and advanced technology, revealed ADNOC produces about 300,000 tonnes/year of hydrogen a year as part of its current industrial processes.
The company’s existing infrastructure and commercial-scale Carbon Capture Utilisation Storage (CCUS) capabilities should help it become a major player in the developing blue hydrogen market, the senior executive explained.
Adnoc is also exploring the potential of green hydrogen through the Abu Dhabi Hydrogen Alliance which was recently established by the company and other partners.
“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,” Dr. Al Jaber said during a high-level ministerial session at a virtual hydrogen roundtable.
“We recognise that the world and India for that matter require more energy with fewer emissions. As we collectively navigate the global energy transition, we believe hydrogen offers promise and potential as a genuinely zero-carbon fuel.
“Granted, hydrogen is still in its infancy, it could be a game-changer and a real opportunity to accelerate the broader energy transition; an opportunity that Adnoc and the UAE are well placed to capitalise on.”
Yesterday’s event was organised by The Energy Forum (TEF) in collaboration with the Federation of Indian Petroleum Industry (FIPI) and India’s ministry of petroleum and natural gas (MoPNG).
“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,” Dr. Al Jaber continued.
“That said, we recognise that the key to developing the hydrogen economy of the future will be aligning supply and demand.
“This is where we are currently working with partners, customers, and other interested parties to build the value-chains required to seed the emerging hydrogen market.”