Baker Hughes’s chief technology officer Chris Barkey and his Adnoc counterpart Sophie Hildebrand sign the agreement at the Climate Tech Conference in Abu Dhabi. Looking on are Lorenzo Simonelli, chairman and chief executive of Baker Hughes, and Musabbeh Al Kaabi, Adnoc executive director for low carbon solutions and international growth directorate. Photo: Adnoc
Baker Hughes’s chief technology officer Chris Barkey and his Adnoc counterpart Sophie Hildebrand sign the agreement at the Climate Tech Conference in Abu Dhabi. Looking on are Lorenzo Simonelli, chairman and chief executive of Baker Hughes, and Musabbeh Al Kaabi, Adnoc executive director for low carbon solutions and international growth directorate. Photo: Adnoc
Baker Hughes’s chief technology officer Chris Barkey and his Adnoc counterpart Sophie Hildebrand sign the agreement at the Climate Tech Conference in Abu Dhabi. Looking on are Lorenzo Simonelli, chairman and chief executive of Baker Hughes, and Musabbeh Al Kaabi, Adnoc executive director for low carbon solutions and international growth directorate. Photo: Adnoc
Baker Hughes’s chief technology officer Chris Barkey and his Adnoc counterpart Sophie Hildebrand sign the agreement at the Climate Tech Conference in Abu Dhabi. Looking on are Lorenzo Simonelli, chair

Adnoc teams up with Baker Hughes to promote hydrogen technology innovation


Deepthi Nair
  • English
  • Arabic

Adnoc and US energy services company Baker Hughes signed an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen and graphene to drive sustainable energy in the UAE.

Under the agreement, the state-owned energy company will collaborate with Baker Hughes as a strategic partner to study and pilot the implementation of solutions from its hydrogen portfolio, Adnoc said on Wednesday.

The agreement was signed at the UAE Climate Tech conference in Abu Dhabi.

“The unique properties of graphene make it a promising agent to help decarbonise a variety of hard-to-abate sectors, while hydrogen can serve to accelerate decarbonisation as it does not generate any carbon emissions at point of use,” said Musabbeh Al Kaabi, Adnoc executive director for low carbon solutions and international growth directorate.

“Across Adnoc, we are proactively pursuing a strategy to accelerate the production and deployment of low-carbon and renewable hydrogen.”

In January, Adnoc allocated $15 billion to invest in a range of projects by 2030, which will help it accelerate its low-carbon growth strategy.

The energy company will invest in clean power, carbon capture and storage, further electrification of operations, energy efficiency and new measures to build on its policy of zero routine gas flaring.

Adnoc, which is responsible for most of the UAE’s oil and gas output, has been investing heavily in the production of natural gas and hydrogen as the country looks to reach net-zero emissions by 2050.

The UAE is investing Dh600 billion ($163.5 billion) in clean and renewable energy projects over the next three decades.

Adnoc is already a major producer of hydrogen and ammonia, with more than 300,000 tonnes of hydrogen produced a year at its Ruwais Industrial Complex.

Adnoc headquarters in Abu Dhabi. The company has been investing heavily in the production of natural gas and hydrogen. Reuters
Adnoc headquarters in Abu Dhabi. The company has been investing heavily in the production of natural gas and hydrogen. Reuters

Collaboration is crucial to supporting and accelerating the growth of low carbon energy sources, said Lorenzo Simonelli, chairman and chief executive of Baker Hughes.

Under the terms of the agreement, Adnoc will leverage Baker Hughes’s hydrogen expertise and portfolio to test and develop solutions to produce low-cost green hydrogen and graphene at scale, helping to decarbonise its operations, the statement said.

These include new growth stage decarbonisation technologies Baker Hughes has invested across the graphene, methane pyrolysis and next-generation electrolysis spaces, it added.

Adnoc signed an agreement with Baker Hughes in November to develop technologies that can help drive sustainable energy in the UAE.

The collaboration aimed to support the development of technology proofs of concept, scale-ups and pilots while exploring the feasibility of their deployment across key projects at Adnoc.

In 2021, Adnoc’s artificial intelligence unit AIQ teamed up with Baker Hughes to boost efficiency in drilling operations.

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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

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Updated: May 10, 2023, 12:57 PM