{"id":88737,"date":"2024-02-06T00:00:00","date_gmt":"2024-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/abu-dhabi-is-getting-a-renewable-energy-industrial-complex\/"},"modified":"2024-02-06T00:00:00","modified_gmt":"2024-02-06T00:00:00","slug":"abu-dhabi-is-getting-a-renewable-energy-industrial-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/06\/abu-dhabi-is-getting-a-renewable-energy-industrial-complex\/","title":{"rendered":"Abu Dhabi is getting a renewable energy industrial complex"},"content":{"rendered":"

Abu Dhabi to boost green hydrogen supply chain:<\/strong> The Abu Dhabi Department of Economic Development (ADDED) and UK-based net zero asset management company Hycap Group<\/a> will develop a green hydrogen-focused renewable energy industrial complex in Abu Dhabi, according to the Abu Dhabi Media Office<\/a>. The department and Hycap will also enlist the work of local partners, the statement said, without clarifying the planned location, timeline, or investment value of the project. <\/p>\n

What we know:<\/strong> Hycap Group will work with the Industrial Development Bureau (IDB)<\/a>, ADDED\u2019s arm for developing and regulating the industrial sector, to produce, store, and transport green hydrogen with a newly constructed electrolysis plant, a hydrogen storage facility, and hydrogen tankers. It will also work to create a value chain for hydrogen by setting up clean hydrogen production, electrical charging manufacturing, fuel cell manufacturing, and bus and truck manufacturing facilities, the statement added. <\/p>\n

Creating a value chain means starting with the domestic sector:<\/strong> The plan is to align supply and demand for hydrogen locally by attracting industrial companies to the industrial complex, before scaling up to export hydrogen abroad, the statement said. <\/p>\n

Hycap aims to turn Abu Dhabi into a green hydrogen hub:<\/strong> The company set up its first international office in the Abu Dhabi Global Market<\/a> back in November, and plans to launch a UAE-based GCC Fund to invest in companies with net zero strategies and green hydrogen supply chains, it said in a press release<\/a> at the time. <\/p>\n

The UAE has been making big moves<\/strong> in green hydrogen:<\/strong> The national hydrogen strategy<\/a>, announced in June 2023, includes a hydrogen production goal of 1.4 mn tonnes by 2031, with renewables giant Masdar contributing 1 mn tonne, according to a press release<\/a>. Masdar also inked an agreement last month<\/a> with the world\u2019s largest commercial vehicle manufacturer, Daimler Truck<\/a>, to explore supplying liquid green hydrogen to power fuel cell rig trucks in Europe by 2030. <\/p>\n","protected":false},"excerpt":{"rendered":"

The complex will include an electrolysis plant and a hydrogen storage facility<\/p>\n","protected":false},"author":1,"featured_media":88738,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1619],"tags":[1360,7,295,293,211,1448],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-energy","tag-abu-dhabi","tag-enterpriseam-uae","tag-green-energy","tag-green-hydrogen","tag-renewables","tag-uk","wpautop","entry"],"acf":{"mongo_id":"0e748670-3b25-404d-ab12-15565097b83b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/411.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi is getting a renewable energy industrial complex, courtesy of UK-based Hycap Group","related_issue":[88728],"teaser":"The complex will include an electrolysis plant and a hydrogen storage facility","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.bb0b8b76-602d-4d0c-ad5e-efde99a166fb.mp3"},"yoast_head":"\nAbu Dhabi is getting a renewable energy industrial complex - 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