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Oil-Rich Abu Dhabi Targets Hydrogen as Future Export Fuel

  • Adnoc joins two sovereign wealth funds to produce hydrogen
  • Siemens and Masdar to develop green hydrogen in separate deal
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Abu Dhabi’s government-run oil company is teaming up with two of its sovereign wealth funds to turn the petroleum-rich emirate into an exporter of blue and green hydrogen.

Abu Dhabi National Oil Co. formed an alliance with Mubadala Investment Co. and ADQ to produce hydrogen from renewable energy, known as green hydrogen, ADQ said in a statement. Adnoc will independently develop blue hydrogen, which is produced from natural gas in a process that captures emissions of carbon dioxide.