ADNOC is keen to explore the potential of the hydrogen market with India’s private and public sectors. This was to support the Asian country’s growing demand for energy and need for cleaner fuels. India and the UAE enjoy a very special relationship that is underpinned by deep-rooted bilateral ties across multiple sectors. Today, India is one of our biggest and most important trading partners, particularly in the field of energy. The world and India for that matter require more energy with fewer emissions. 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 capitalize on.
ADNOC currently produces about 300,000 tons of hydrogen a year as part of its current industrial processes. ADNOC is also exploring the potential of green hydrogen through the Abu Dhabi Hydrogen Alliance which was recently established by ADNOC, Mubadala Investment Company (Mubadala) and ADQ. Identifying viable international market opportunities and developing a roadmap to create a hydrogen ecosystem to serve both the UAE and the global market. 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.