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.
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.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
Killing of Qassem Suleimani
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less