Browsing: Middle east

ADNOC and SOCAR Forge Green Partnership

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.

UAE's Minister Charts Course for Affordable Hydrogen

United Arab Emirates (UAE) has taken center stage at the COP28 climate summit, grappling with a significant hurdle: the affordability of hydrogen. At a high-level roundtable, the UAE’s Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei, addressed the challenges and strategic initiatives associated with making hydrogen, particularly green hydrogen, economically viable.

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Economic and Social Development Bank (BNDES) and the World Bank have inked a transformative memorandum of understanding during COP 28 in Dubai. This strategic alliance aims to propel financing mechanisms across the entire low-carbon hydrogen value chain.

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Hyundai Motor Company and Bee’ah Group are set to embark on a pilot project to demonstrate the viability of hydrogen as a key player in the UAE’s transportation sector. The partnership encompasses a comprehensive trial, utilizing Hyundai’s XCIENT fuel cell truck, marking a significant stride in advancing sustainable and emission-free mobility in the region.