UAE aims to be a world leader in hydrogen exports

i24NEWS

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Saudis watch a hydrogen-powered car during a test drive organized by Aramco, at the Techno Valley Science Park, in Dhahran, Saudi Arabia, June 27, 2021.
AP Photo/Amr NabilSaudis watch a hydrogen-powered car during a test drive organized by Aramco, at the Techno Valley Science Park, in Dhahran, Saudi Arabia, June 27, 2021.

Gulf state wants to capture a quarter of global market share for alternative fuel

The United Arab Emirates is positioning itself to be a global leader in the emerging hydrogen market as countries seek opportunities to transition from traditional fuel sources, Abu Dhabi's English-language daily The National reports.

The Gulf state aims to capture about a 25 percent share of the global hydrogen market, according to UAE Minister of Energy and Infrastructure Suhail Al Mazrouei.

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The minister added that the UAE is in discussions with many countries on exporting the zero-carbon fuel burned with oxygen

During a panel discussion at Abu Dhabi Sustainability Week, Sergio Lopez, energy policy specialist at the Abu Dhabi Department of Energy, said that the UAE has a strategic geographic advantage as a bridge between Europe and Asia, citing potential hydrogen customers, including Japan, South Korea and China.

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“The region will benefit from investing in hydrogen not only from the economic point of view but also from the environmental point of view," Lopez said.

According to a recent report published by the International Renewable Energy Agency, the hydrogen market already exceeds that of liquefied natural gas, with annual sales valued at about $174 billion. That number could grow to $600 billion by 2050.

The UAE's hydrogen ambitions align with its goal of becoming carbon-neutral by 2050.

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