The UAE has plans to power its hydrogen production using nuclear energy, even as it assesses partnership opportunities with international players, says a senior official at ADQ.
The Emirates Nuclear Energy Company, which is part of the portfolio of holding company ADQ, could supply power to produce hydrogen.
"Enec will have an integral role as a baseload provider of power that is considered clean energy," ADQ investment director Hamad Al Hammadi said during an online panel organised by the US-UAE Business Council.
The UAE, which accounts for nearly 4.2 per cent of global crude output, has ambitious plans to tap into the potential of hydrogen – a clean fuel source touted to help countries slash emissions. Earlier this year, state holding company ADQ formed an alliance with Mubadala Investment Company and Abu Dhabi National Oil Company to develop export capabilities for hydrogen.
Solar energy will also be tapped for the production of green hydrogen, which is produced from renewable sources. However, nuclear energy provides a consistent, round-the-clock baseload for power generation, Mr Al Hammadi said.
"It's a long programme where we want to make sure that we leverage on it, and this gives us access to a hydrogen that can be sold and exported internationally," he said.
Hydrogen produced from nuclear power is sometimes referred to as pink hydrogen.
The element has "the highest potential to become the clean energy source going forward", Mubadala's Badr Al Olama told the panel.
"Cracking the code on green hydrogen" in the UAE could contribute to the creation of thousands of jobs in a new sector, he added.
"Green hydrogen could reach 530 million tonnes by 2050, displacing 10.5 billion barrels of oil."
Green hydrogen could reach 530 million tonnes by 2050, displacing 10.5 billion barrels of oil
Globally, the hydrogen industry is expected to grow to $183bn by 2023, from $129bn in 2017, according to Fitch Solutions. French investment bank Natixis estimates that investments in hydrogen will exceed $300bn through to 2030.
The UAE Cabinet on Sunday approved a nationwide system for hydrogen vehicles, as the country ramps up production of blue and green variants of the fuel.
Mubadala and Italy's Snam also signed an agreement this week to collaborate on the "joint investment and development" of hydrogen.
The ADQ-Mubadala-Adnoc hydrogen alliance "is already actively assessing several international partnerships", said ADQ's Mr Al Hammadi.
"We're looking for [the] best fit in terms of technology R&D and execution capability, as well as end-product uptake," he added.
The alliance's partners are currently in the process of developing a roadmap for the development of hydrogen in Abu Dhabi.
"We still welcome any contact from companies that feel they can contribute to our goals," said Mr Al Hammadi.
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
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When is VAR used?
• Goals
• Penalty decisions
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
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Name: Hassan Mohsen Elhais
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Sui Dhaaga: Made in India
Director: Sharat Katariya
Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav
3.5/5
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Brief scoreline:
Wales 1
James 5'
Slovakia 0
Man of the Match: Dan James (Wales)
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
Brief scores:
Huesca 0
Real Madrid 1
Bale 8'
The bio
Academics: Phd in strategic management in University of Wales
Number one caps: His best-seller caps are in shades of grey, blue, black and yellow
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Cars: Loves exotic cars and currently drives a Bentley Bentayga
Holiday: Favourite travel destinations are London and St Tropez
What is type-1 diabetes
Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.
It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.
Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
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The five pillars of Islam
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Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes