Skip to main content
Hydrogen News

ENGIE and Masdar to jointly explore developing U.A.E. green-hydrogen hub

By December 7, 2021December 9th, 2021No Comments

News Stories

ENGIE and Masdar to jointly explore developing U.A.E. green-hydrogen hub

Dec 7, 2021 • Chemical Engineering

The companies seek to develop renewable hydrogen projects with a capacity of at least 2 GW by 2030, with a total investment in the GCC region of US$5 billion.

Engie S.A. (La Défense, Courbevoie, France) and Masdar signed a strategic alliance agreement to explore the co-development of a U.A.E.-based green hydrogen hub. The two companies are looking to develop projects with a capacity of at least 2 GW by 2030, with a total investment in the region of US$5 billion.

The agreement was signed by Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Masdar Chairman, and Catherine MacGregor, ENGIE CEO, in the presence of Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Emmanuel Macron, President of the French Republic, during his visit to the UAE.

The partnership aims to capture synergies and complementarities between Masdar, as an investor and developer of renewable energy projects, and ENGIE’s leadership position in green hydrogen deployment to establish an early mover position in the UAE’s hydrogen market. By leveraging existing infrastructure, the companies will initially target local supply, with the aim of expanding capacity to create a giga-scale green hydrogen hub for the Gulf Cooperation Council (GCC), a political and economic union of Arab states bordering the Gulf whose 6 members are the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. with the potential to export to other markets.

Catherine MacGregor, ENGIE CEO, said : “We are very pleased to partner with Masdar to make a direct contribution to the UAE’s Net Zero 2050 strategic initiative. This strategic alliance illustrates ENGIE’s ambitious goals for the long-term development of renewable hydrogen, an essential tool for the energy transition.”

Continue to full article on Chemical Engineering