Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking, Investment, Insurance(Banking & Investments)
Filter PR by
  

ADNOC, John Cockerill Hydrogen, and Strata Manufacturing to Boost UAE's Hydrogen Economy

 
ADNOC, John Cockerill Hydrogen, and Strata Manufacturing to Boost UAE's Hydrogen Economy

Agreement supported by Ministry of Industry and Advanced Technology brings the production of electrolysers to the UAE for the first time, strengthening decarbonization and domestic manufacturing
 
Abu Dhabi, United Arab Emirates - June 1, 2023 – The Ministry of Industry and Advanced Technology (MoIAT) announced today at the “Make it in the Emirates” Forum in Abu Dhabi that is has supported a strategic collaboration agreement between ADNOC, John Cockerill Hydrogen and Strata Manufacturing, aiming to manufacture electrolysers in the UAE for local use and for export.


Electrolysers produce green hydrogen, an energy source made from renewables that does not emit carbon dioxide at the point of use. The arrangements intended to be put in place as contemplated by the agreement enhances the development of the UAE’s green hydrogen economy through the in-country manufacturing of electrolysers and supports the UAE’s “Make it in the Emirates” initiative to promote local industry and create a favorable environment for investors.
The agreement was signed at a ceremony witnessed by His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, Her Excellency Sara Al Amiri, Minister of State for Public Education and Advanced Technology, His Excellency Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development (ADDED), His Excellency Antoine Delcourt, Ambassador of Belgium in the UAE and Jean-Luc Maurange, Executive Member of the Board, John Cockerill Group. It was signed by Hanan Balalaa, Senior Vice President, New Energies and Carbon Capture, Utilization and Storage, ADNOC, Ismail Ali Abdulla, Managing Director & CEO of Strata Manufacturing and Raphael Tilot, CEO of John Cockerill Hydrogen. 


His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, said: “Accelerating the development of future industries is one of the main objectives of the National Strategy for Industry and Advanced Technology. Therefore, the ministry is committed to ensuring the national industrial sector benefits from innovative solutions and advanced technologies that support the expansion of future industries. Stimulating cooperation between leading national companies and international and local manufacturers is key to these efforts, which reinforces the industrial sector’s contribution to decarbonization in line with the UAE’s net zero and COP28 targets. “Led by ADNOC, this strategic cooperation agreement strengthens our industrial sector and provides the necessary capabilities for future industries to thrive. The agreement will be particularly beneficial to the field of hydrogen, which represents one of the most important future industries and underpins a greener economy.”
 
Balalaa said: “We are very pleased to partner with John Cockerill Hydrogen and Strata Manufacturing in this landmark initiative that could enable electrolysers to be manufactured in the UAE for the first time. Hydrogen is a critical fuel in the energy transition and this agreement underscores how the energy sector can work with the industrial and hard-to-abate sectors to decarbonize at scale, drive low-carbon economic growth and enhance energy security. ADNOC will continue to advance lower-carbon solutions and decarbonization technologies to strengthen our position as a responsible energy provider and support the UAE Net Zero by 2050 Strategic Initiative.”


Abdulla said: “We are excited to join forces with ADNOC and John Cockerill Hydrogen in this groundbreaking initiative. Strata’s expertise in advanced manufacturing will play a crucial role in establishing the UAE as a global hydrogen leader. This collaboration aligns with our strategic vision of driving innovation and economic growth in the UAE.”


Tilot said: “As a leader in large scale green hydrogen production and distribution solutions, we are delighted to collaborate with ADNOC and Strata Manufacturing to explore opportunities to develop electrolyser manufacturing capabilities in the UAE. This partnership will strengthen the UAE's position in the global hydrogen market and will enable the country to achieve its ambitious decarbonization objectives.'
ADNOC is an early mover in the production of clean hydrogen and is a key enabler of the UAE’s ambition to become a key supplier to global hydrogen markets. The company is also a shareholder in Abu Dhabi Future Energy Company (Masdar) which has around 20 GW of clean power capacity and targets at least 100GW renewable energy and up to 1 million tons of green hydrogen by 2030.


The second edition of the Make it in the Emirates Forum has attracted extensive participation from decision makers, government and private sector officials, experts, entrepreneurs, financing entities, investors, startups, and SMEs. Its primary goal is to showcase investment opportunities within the local industrial sector, emphasizing the potential for investment, product development, product localization, and redirecting procurement towards the national economy.
In addition to showcasing the UAE as a global hub for manufacturing and innovation, the forum seeks to promote sustainability and reduce and eliminate carbon emissions within the industrial sector in line with objectives of the ‘Year of Sustainability’, the UAE's Net Zero by 2050 strategic initiative, and its preparations to host COP28.

 


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 15371 times
PR Category : Banking & Investments
Posted on : Thursday, June 1, 2023  4:47:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Dubai Industrial City Confirms almost AED 1 billion in Inves...
Next Story : DC Aviation Al-Futtaim turns 10 this Year
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
Wfp launches emergency food operation to reach one million people affected by the conflict... [37691-Views]
Agreement on Principles for Use of Aircraft Operational Data [32972-Views]
Ajmal Perfumes Unveils New Luxury Fragrances in the UAE [31447-Views]
Riyadh welcomes first refurbished Emirates Boeing 777 [27273-Views]
Nature Sauvage [12853-Views]
UAE Secures Silver Medal at the First Global Challenge 2024: A Historic Achievement for Na... [10951-Views]
Discover SHEGLAM's Spellbinding Crimson Butterfly Collection [9430-Views]
Xiaomi Unveils 14T Series with Advanced AI Exceptional Night Photography & Advanced Featur... [7774-Views]
IIFA rocks 2024: a spectacular finale to the IIFA festival 2024 [7208-Views]
Hoops and Horizons: Experience Abu Dhabi Teams Up with Boston Celtics to Transform Reem Ce... [6974-Views]
During Ru'ya Careers UAE 2024: MHAO Group Discusses with Dubai Government Human Resources ... [6863-Views]
TCL Electronics wins prestigious Middle East International Business Award 2024 for revolut... [6790-Views]
La French Tech Abu Dhabi Dubai Kicks Off a Groundbreaking 2024-2025 Season [6445-Views]
WFP Alarmed at Spreading Regional Displacement Crises in Middle East [6183-Views]
Fabergé in Bloom Heritage Lockets [6166-Views]
Tribe Of 6 Reveals AW24 Collection with ‘Renewed' Campaign Revolutionising Sustainable Fas... [6146-Views]
Diamind leads the ethical revolution in jewellery with lab-grown diamonds [6064-Views]
Ministry of Economy launches National Economic Registry ‘Growth' to support the UAE's effo... [6002-Views]
Tag Heuer Carrera chronograph and tourbillon Extreme Sport [5896-Views]
Silicon Central Prepares to Dazzle with the second edition of ‘The Ramp', Dubai's Premier ... [5748-Views]
HE Dr Thani Al Zeyoudi underscores the transformative power of AI in TradeTech knowledge-s... [5711-Views]
Caterham Welcome Yamaha Motor In Next Phase Of Its Ev Sports Coupe Development [5531-Views]
DFSA investigation reveals OCS International Finance Limited mismanaged USD 46 million of ... [5412-Views]
Ruya Careers UAE 2024 Concludes with Record Job Offers [5404-Views]
Investcorp Releases 2024 Sustainability Report [5318-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories