"source" Expanding its investments in green hydrogen to enhance Abu Dhabi’s position as a global center for its production
By: Rami Samih.
ABU DHABI, 17 APRIL / WAM / Mohammed Abdul Qader Al Ramahi, CEO of the green hydrogen sector at Abu Dhabi Future Energy Company “Masdar”, confirmed that the company is working hard to increase its investments in green hydrogen by establishing a special unit to develop specialized projects in this sector locally, regionally and globally. This enhances its leading position in developing renewable and clean energy projects around the world, and documents Abu Dhabi’s pioneering role as one of the main players in the green hydrogen sector.
Al Ramahi said, in statements to the Emirates News Agency, WAM, on the sidelines of the World Future Energy Summit held in the capital, Abu Dhabi, that this is the best period for serious work to implement these projects in the UAE, through which we aim to allocate half of the targeted production capacity according to our strategy. The amount announced by 2030-2033 amounts to one million tons annually of green hydrogen and its accessories.
Al Ramahi explained that half of this quantity has been allocated to be developed in the Emirate of Abu Dhabi, equivalent to 500,000 tons of green hydrogen annually, thus enhancing the pioneering role of the Emirate of Abu Dhabi as one of the main global centers for green hydrogen production, indicating that the development of these projects has already begun at the beginning of January 2023.
He pointed out that Masdar has a pilot project with a production capacity of more than 2 megawatts, an electrolyzer that will be dedicated to producing green iron in cooperation with Emirates Steel Company Arkan, noting that the purpose of this project is to experiment with hydrogen and ensure its effectiveness and economic feasibility. Al Ramahi continued: “We are working to expand this project during the second phase, as we seek to raise the efficiency to approximately 100 megawatts, but this number is still under study and development.”
He pointed out that Masdar’s other projects in the green hydrogen sector in the Arab Republic of Egypt reach 4,000 megaelectrolyzers, and the same in Morocco, in addition to our ambition to expand in Europe, America, and the Balkan basin countries such as Azerbaijan and neighboring countries, and to exploit the company’s effective presence in more than 40 countries around the world. The world has an investment portfolio of more than $30 billion and a production capacity of 20 gigawatts.
He pointed out that Masdar is also trying to search for investment opportunities in countries of the region, including the Sultanate of Oman, in light of its efforts, through developing these projects, to prove the economic feasibility of green hydrogen projects as the fuel of the future.
The CEO of the green hydrogen sector at Masdar said that the green hydrogen sector is one of the new emerging sectors globally that promises a promising future with investments amounting to $11 trillion by 2050, according to World Bank estimates, pointing out that this sector will help the international community in confronting the repercussions of change. climate change and neutralizing the global carbon footprint, especially in light of its importance to many giant industries such as the iron, steel and aluminum industries, in addition to vital sectors such as aviation and maritime transport.
Mohammed Abdul Qader Al Ramahi pointed out that Masdar is focusing on developing its green hydrogen projects in Europe, especially as it reaches a degree of maturity in its governance frameworks through which it seeks to implement more stringent standards regarding the carbon footprint.
He pointed out that green hydrogen represents a vital element in the process of transition towards sustainable energy and contributes to strengthening global efforts to decarbonize. Therefore, we attach great importance to continuing to develop the entire green hydrogen value chain, setting clear frameworks for cooperation, sharing best practices, and harmonizing legislation to accelerate the transition towards a hydrogen economy. the green.
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