In a dynamic shift towards sustainable energy, oil and gas majors have emerged as significant players in the low-carbon hydrogen market, commanding an 8% share globally. This paradigmatic transition reflects a strategic response to the escalating demand for cleaner energy alternatives. Let’s delve into the goals, technology, potential impact, and challenges surrounding this transformative trend.
The Hydrogen Transition Summit takes center stage at the Conference of the Parties 28 (COP28), marking a pivotal moment in the global climate and energy agenda.
Emirates Steel Arkan (ESA), Ohmium International, and Khalifa University of Science and Technology have inked a Strategic Collaboration on Hydrogen Research and Development, solidifying the UAE’s commitment to advancing green steel production.
Masdar has set its sights on the burgeoning green hydrogen market, signing a joint development agreement with the Jordanian Ministry of Energy and Mineral Resources.
Thirty-six nations have endorsed a declaration for the mutual recognition of certification schemes for renewable and low-carbon hydrogen and its derivatives.
Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have inked a Strategic Collaboration Agreement (SCA). The agreement outlines their joint commitment to explore and develop low carbon energy technologies, marking a significant stride in aligning with global decarbonization goals.
Korean company Eltech UVC is spearheading the establishment of the world’s inaugural port dedicated to the transportation of solar energy-based green hydrogen and green ammonia.
Azerbaijan, a nation historically associated with oil and gas, is making significant strides towards a sustainable future, actively engaging in initiatives to export green hydrogen and ammonia.
ReNew Energy Global has inked a memorandum of understanding (MoU) with the Asian Development Bank (ADB) at COP28.
Energy giants Iberdrola and Masdar have joined forces in a strategic partnership, committing to jointly invest up to €1.5 billion.
