Adnoc, the Abu Dhabi state oil company, Adu Dhabi Investment Holding, and Mubadala Investment Co., two state investment funds, have teamed up in an Abu Dhabi Hydrogen Alliance to develop hydrogen production and export capabilities, joining a growing number of businesses betting on hydrogen, Argus reports citing Emirati media. Bloomberg reports Adnoc and Mubadala will produce hydrogen both from natural gas—blue hydrogen—and from renewable energy—green hydrogen—and export it globally. The move reflects the growing prominence of hydrogen as a member of the world’s future energy mix even though the production of green hydrogen—the ultimate goal of agenda setters—is still a lot more expensive than green or grey hydrogen, produced from natural gas and coal. “While we explore green hydrogen opportunities through the Alliance, Adnoc will place special emphasis on pursuing blue hydrogen projects by expanding on its existing hydrogen capacity, leveraging its significant gas reserves and best-in-class infrastructure, as […]