- On Sunday, Renewable energy firm Masdar of Abu Dhabi has signed a memorandum of understanding with the Port of Amsterdam, SkyNRG, Evos, and Zenith Energy that aims to develop a green hydrogen supply chain between the UAE and the capital of the Netherlands.
- Masdar announced its new shareholding structure and green hydrogen business unit in December, with the goal of achieving production of 1 million tons annually by 2030.
On Sunday, Renewable energy firm Masdar of Abu Dhabi has signed a memorandum of understanding with the Port of Amsterdam, SkyNRG, Evos, and Zenith Energy that aims to develop a green hydrogen supply chain between the UAE and the capital of the Netherlands. The parties are to work together to establish the chain, with production in Abu Dhabi and exports via the Port of Amsterdam, which is Europe’s fourth largest and to examine various hydrogen transportation methods, particularly liquid organic carriers and liquid hydrogen. The exported green hydrogen will be directed to vital European sectors such as sustainable aviation fuel, steelmaking, and shipping.
The agreement was signed by Masdar CEO Mohamed Jameel Al Ramahi; Port of Amsterdam Managing Director Gert-Jan Nieuwenhuizen; SkyNRG Chief Development Officer Maarten van Dijk; Evos Business Development Manager Bart van der Meer; and Zenith Energy Managing Director Ellen Ruhotas. This deal was sealed in the presence of UAE Minister of Industry and Advanced Technology Sultan bin Ahmed Al-Jaber, and Dutch Minister of Foreign Affairs Wopke Hoekstra. Al-Jaber said: “This agreement builds upon the existing relationship between the UAE and the Netherlands and demonstrates our mutual commitment to exploring low and zero-carbon energy solutions. The UAE aims to play a central role in the emerging green hydrogen economy. This partnership with the Port of Amsterdam and associated players in the green hydrogen space would help position Abu Dhabi as a key hub.”
Masdar announced its new shareholding structure and green hydrogen business unit in December, to achieve production of 1 million tons annually by 2030. It signed several agreements in the same month with leading Egyptian state-backed organizations to cooperate in developing green hydrogen production plants in the country, targeting an annual output of up to 480,000 tons. Hydrogen will be an essential component of a net-zero energy system and will play an important role in decarbonizing sectors that are difficult to electrify, such as heavy industry and long-distance transportation, according to the International Renewable Energy Agency.