ADNOC, BP ​​and Masdar sign a new strategic partnership

The oil companies “BP” and “Masdar” agreed with the Abu Dhabi National Oil Company (ADNOC). A strategic energy association with the aim of developing new centers for technological development and innovation. The agreement was signed in the presence of Sheikh Khalid bin Mohamed bin Zayed, member of the Executive Council of the Emirate of Abu Dhabi, head of the Abu Dhabi Executive Office and Chairman of the Executive Committee of the Abu Dhabi National Oil Company’s Board of Directors. (ADNOC).].

ADNOC and BP were the first to meet in the UAE to study the feasibility of potential joint ventures for a low-carbon hydrogen project.. Masdar has joined the association, which has entered into joint agreements to explore sustainable fuel production for the UAE’s aviation sector. The aim of this new project is to produce jet fuel using green solar hydrogen and gasification of municipal waste, thanks to the capabilities of Tadweer (Abu Dhabi Waste Management Center) in the UAE and Etihad Airways.

Photo / WAM Agreement between ADNOC, BP ​​and Masdar

In response to a question about the new agreements adopted by the oil companies, Sheikh Khalid bin Mohammed bin Zayed said “ADNOC and Masdar’s deep partnership with BP is a testament to the long-standing relationship between the UAE and the UK; the history of the bilateral partnership in the field of sustainability, as well as the UAE’s intent to play a leading role in the fast-growing clean hydrogen economy locally. and internationally”He added: “To this end, we welcome the opportunity to collaborate with BP in both the UAE and UK, laying the foundation for a deeper business partnership in new energy and clean technology. In the UK in the US, our role at Teesside will be ADNOC’s first step. In investing in the UK and helping to accelerate innovation in energy decarbonization across industrial sectors and similarly, it is hoped that the collaboration of partners in Abu Dhabi will cement the UAE’s position as a leader in low carbon energy and technology-driven industrial growth.”

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ADNOC BP Masdar-UAE Watchtower Agreement
Photo / WAM Agreement between ADNOC, BP ​​and Masdar

Bernard Looney, BP CEO, said: “ADNOC and Masdar’s engagement reinforces the global leadership role that Teesside and the UK in general can play in spearheading the development of low-carbon hydrogen for low-carbon economies. From supply chains to skills, Teesside and BP ready,” adding:Our partnership with ADNOC and Masdar extends internationally and will be able to help decarbonize some of the world’s hard-to-reduce sectors, such as manufacturing, energy and aviation, in a sustainable way.. I would like to note the continued commitment to energy transformation in the UAE. Partnerships like this push boundaries to deliver the new energy solutions the world needs.”

For his part, Masdar CEO, Mohamed Jamil Al Ramahi, commented, “Today’s announcements will strengthen the strategic partnership between Masdar, ADNOC and BP and will continue to drive clean energy innovation for both the UAE and the UK. A prominent investor in renewables in the UK and We will leverage our expertise in offshore wind energy and sustainable aviation fuels to support the energy transition in both countries while strengthening the UAE’s leadership position in the emerging green hydrogen economy.“.

ADNOC BP Masdar-UAE Watchtower Agreement
Photo / WAM Agreement between ADNOC, BP ​​and Masdar

How is green hydrogen produced?

Green hydrogen, or low carbon hydrogen, is produced from water and renewable energy. Energy is obtained through renewable sources via electricity. it’s about The process of breaking down water molecules (H2O) into oxygen (O2) and hydrogen (H2).. In this way, hydrogen is obtained in a clean way, and represents a fundamental change in the way it is produced, since hydrogen was historically obtained through fossil fuels.

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