RWE and the Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) on low-carbon and green hydrogen collaboration.
Both companies agreed to look into the possibility of importing low-carbon and green hydrogen, as well as hydrogen derivatives like ammonia, from the United Arab Emirates (UAE). RWE and ADNOC also agreed to evaluate the potential for joint development of green hydrogen and hydrogen derivatives projects in relevant international markets.
Markus Krebber, CEO of RWE AG: “I am delighted to announce our MoU with Abu Dhabi National Oil Company to jointly explore the potential for low carbon and green hydrogen. Diversifying the import of fuel supplies to Germany while forging ahead with the energy transition is more important than ever. In addition to setting-up a production for green hydrogen and hydrogen derivatives in Germany, it is important to develop a supply chain for importing low carbon and green energy to Germany, to meet the huge demand for energy sources that can support the decarbonization of industry.”
