The Emirati “Masdar” reveals its green hydrogen projects in Egypt and Morocco

United Arab Emirates – The Emirati company “Masdar” confirmed that it is working hard to increase its investments in green hydrogen by establishing a special unit to develop specialized projects in this sector, and it also revealed projects in Arab countries.

Mohammed Abdul Qader Al Ramahi, CEO of the green hydrogen sector at Abu Dhabi Future Energy Company “Masdar”, pointed out that the step aims to strengthen the company’s leading position in developing renewable and clean energy projects worldwide.

Al Ramahi said, in statements on the sidelines of the World Future Energy Summit held in the capital, Abu Dhabi, that this is the best period for serious work to implement these projects in the UAE, through which we seek to allocate half of the targeted production capacity according to our announced strategies by the year 2030-2033. The amount is one million tons annually of green hydrogen and its accessories.

Al Ramahi explained that half of this quantity has been allocated to be developed in the Emirate of Abu Dhabi, equivalent to 500,000 tons of green hydrogen annually, thus enhancing the pioneering role of the Emirate of Abu Dhabi as one of the main global centers for green hydrogen production, pointing out that the development of these projects has already begun at the beginning of January 2023.

He stated that Masdar’s other projects in the green hydrogen sector in the Arab Republic of Egypt reach 4,000 mega-electrolyzers, and the same in Morocco, in addition to our ambition to expand in Europe, America, and the Balkan Basin countries such as Azerbaijan and neighboring countries, and to exploit the company’s effective presence in more than 40 countries. Around the world, with an investment portfolio of more than $30 billion and a production capacity of 20 gigawatts.

Mohammed Abdul Qader Al Ramahi pointed out that “Masdar” is focusing on developing its green hydrogen projects in Europe, especially as it reaches a degree of maturity in its governance frameworks through which it seeks to apply more stringent standards regarding the carbon footprint.

He pointed out that green hydrogen represents a vital element in the process of transition towards sustainable energy and contributes to strengthening global efforts to remove carbon.

Source: WAM