Abu Dhabi’s getting a AED 1 bn hydrogen equipment manufacturing complex: The Abu Dhabi Department of Economic Development (ADDED) inked an MoU with Dubai-based energy solutions company Broaden Energy to establish a AED 1 bn hydrogen equipment manufacturing complex in Abu Dhabi, Wam reports. This will be the first complex of its kind in the emirate. No further details were provided on the project or its expected timeline.

The new complex is expected to create jobs, foster economic growth, and industrial solutions, focusing on driving the region's hydrogen economy, according to the statement. Producing hydrogen equipment locally aims to strengthen the country’s energy infrastructure, in line with the UAE’s national hydrogen strategy.

More on the UAE’s hydrogen strategy: The national hydrogen strategy, announced in June 2023, includes a hydrogen production goal of 1.4 mn tonnes by 2031.

IN OTHER ENERGY NEWS-

France-based tube manufacturer Vallourec extended its contract with the National Oil Company of Abu Dhabi for an additional two years until January 2027, according to a press release. The original contract was valued at around USD 900 mn. The extended contract entails Vallourec providing tubes and connections for onshore and offshore oil and gas fields, as well as additional services such as local pipe coating services and Vallourec's traceability system for tubes. Vallourec will also offer its operational storage facility equipped with a digital management system.

Vallourec also secured a new order for 27k tonnes of tubes, to be produced in their plants in France, Brazil, China, and Indonesia, with deliveries beginning in late 2024.

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