Global technology company, thyssenkrupp Uhde and oil company, ADNOC have signed a memorandum of understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean energy value chains.
The agreement will focus on a joint project development of large-scale ammonia cracking, which is used to extract hydrogen from ammonia after transportation. The companies will work together to develop projects for large-scale ammonia cracking plants with thyssenkrupp technology. The agreement will also lead to the exploration of opportunities in the clean energy value chain for the supply and shipment of clean ammonia from the UAE to large-scale ammonia cracking facilities globally.
Musabbeh Al Kaabi, executive director, low carbon solutions and international growth directorate, ADNOC: ‘ADNOC’s fast-growing hydrogen business is enabled by the UAE’s abundant and competitive energy reserves. We are committed to strengthening our position as a reliable supplier of lower carbon-intensive energy, creating new revenue streams and growing the global market for hydrogen. In doing so, we will work with like-minded partners, such as thyssenkrupp to deliver tangible solutions that contribute to the decarbonization of the energy sector.’
‘At thyssenkrupp we actively contribute to all dimensions of the green transformation. Together with ADNOC, we will take an important step towards large-scale ammonia cracking, thus enabling the global supply chain for green hydrogen. The competencies of thyssenkrupp Uhde therefore are an important cornerstone. A perfect example how partnerships can accelerate the transition, and a perfect example for thyssenkrupp technology at the heart of the green transformation,’ adds Martina Merz, CEO of thyssenkrupp AG.
