Abu Dhabi seeks investors to build hydrogen-export facilities
ABU DHABI -
Abu Dhabi is seeking investors to help build hydrogen-export facilities, as Middle Eastern oil producers plan to adopt cleaner energy, sources told Bloomberg.
Abu Dhabi National Oil Company (ADNOC) is holding talks with energy companies for them to purchase equity stakes in the hydrogen projects, the sources referred.
ADNOC, which already produces hydrogen for its refineries, also aims to enter into long-term supply contracts before making any progress with these investments.
Amid a global push to reduce greenhouse-gas emissions, the state-owned oil companies in the Gulf region seek to turn their expertise in exporting liquid fuel into shipping hydrogen or ammonia across the world for electricity, transport, and industrial use.
Most of the ADNOC exports are expected to be blue hydrogen, created by converting natural gas and capturing the carbon dioxide by-product, according to Bloomberg.
The sources said that the Abu Dhabi-based company will raise its production of hydrogen by expanding an oil-processing plant and the Borouge petrochemical facility at the Ruwais industrial hub, as the extra hydrogen will be used for an ammonia facility planned with Fertiglobe.
Abu Dhabi also plans to develop green hydrogen, which is generated from renewable energy such as solar power.
Noteworthy to mention, in May 2021, ADNOC announced that it will construct a world-scale blue ammonia production facility in Ruwais in Abu Dhabi to contribute to the UAE's efforts to create local and international hydrogen value chains.
Related News
Canadian Scientists say power utilities need to adapt to climate change
TORONTO - The increasing intensity of storms that lead to massive power outages highlights the need for Canada’s electrical utilities to be more robust and innovative, climate change scientists say.
“We need to plan to be more resilient in the face of the increasing chances of these events occurring,” University of New Brunswick climate change scientist Louise Comeau said in a recent interview.
The East Coast was walloped this week by the third storm in as many days, with high winds toppling trees and even part of a Halifax church steeple. Nova Scotia Power says it has weathered nine storm days so…
