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- Signing of MoUs with four Dutch companies – port amsterdamSkyNRG, Evos Amsterdam and Zenith Energy – related to the development of the green hydrogen supply chain, through amsterdam
- Green hydrogen could be used in sustainable aviation fuel, steelmaking, shipping and wider offtake opportunities
Abu DhabiUnited Arab Emirates, January 13, 2023 /PRNewswire/ — Masdar Port, one of the world’s leading clean energy companies amsterdamSkyNRG, Evos Amsterdam and Zenith Energy sign Memorandum of Understanding (MoU) to explore development of green hydrogen supply chain Abu Dhabi and amsterdam to support the Dutch and European markets.
Masdar signs deal to explore green hydrogen export from Abu Dhabi to Europe
The MoU is signed by the following institutions Mohammad Jameel Al RamahhiCEO of Masdar, Gert-Jan NieuwenhuizenPort Managing Director amsterdam, martin van dykeSkyNRG Chief Development Officer, bart van der meer, Evos Business Development Manager, and Ellen Ruhotas, Managing Director, New Energy Division, Zenith Energy.The agreement was signed in the presence of Dr. HE Sultan Ahmed JaberUAE Minister of Industry and Advanced Technology, COP28 Masdar President-elect and Minister of Foreign Affairs Wopuk Hoekstra Dutch.
Dr. He Sultan Ahmed JaberUAE Minister of Industry and Advanced Technology, COP28 The President-elect and Chairman of Masdar said, “This agreement builds on the existing relationship between the UAE and Masdar Dutch And demonstrate our shared commitment to exploring low- and zero-carbon energy solutions.The UAE aims to play a central role in the emerging green hydrogen economy and this partnership with the port amsterdam Relevant players in the green hydrogen space will help position Abu Dhabi As an important hub for the development of green hydrogen energy. “
Wopke Hoekstra, Minister of Foreign Affairs DutchSay, “”Dutch Keen to build green hydrogen corridors with future major exporters such as the UAE. my country has the ability to become a hydrogen hub in the Northwest European market. I welcome the cooperation between Dutch and UAE companies in the field of hydrogen energy and look forward to further strengthening the cooperation between our two countries. “
Under the MoU, both parties will work together to develop a green hydrogen supply chain, with a focus on Abu Dhabi and export to Dutch through the port amsterdam. The exported green hydrogen will be channeled to key sectors in Europe – sustainable aviation fuel (SAF), steelmaking and shipping fuel supply – and will also be supplied to emerging European offtakers via pipelines, trucks and barges. The parties will jointly explore several modes of hydrogen transport, focusing on liquid organic hydrogen carriers and liquid hydrogen.
Muhammad Jameel RamashiMasdar CEO said, “Masdar sees green hydrogen as a promising energy source that can be used in hard-to-abate industries to support global decarbonization, which is why we launched a dedicated green hydrogen business last month. We are delighted work with ports amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy leverage our synergies in fuels and logistics to find out how green hydrogen can help us achieve our shared goals of decarbonisation and sustainable economic growth. “
port amsterdamthe operator of European The fourth largest port, committed to expanding green hydrogen capabilities and working closely with the business community active in its ports to develop green hydrogen. SkyNRG, the global leader in SAF, is developing a network of SAF production facilities that will require green hydrogen as an input. Zenith Energy and Evos Amsterdam are operators of some of the port’s most prominent blending and storage terminals, with Zenith developing a liquid hydrogen supply chain and Evos Amsterdam working on a liquid organic hydrogen carrier supply chain.
korn overtumChief Executive Officer, Port amsterdamsaid: “We are very pleased with this new collaboration. SkyNRG, Evos and Zenith Energy are the driving force behind hydrogen development at the port amsterdam They are key to our goal of importing at least 1 million tonnes of green hydrogen per year. Joining forces with a party as prominent as Masdar will bring this goal closer.Together, we can bring vision Abu Dhabi–amsterdam link to results. “
Green hydrogen is produced using green electricity from renewable sources such as wind or solar energy, in a process that separates water into oxygen and hydrogen through electrolysis.Hydrogen will be an important part of a net-zero energy system and play a key role in decarbonizing hard-to-electrify sectors such as heavy industry and long-distance transport, according to the International Renewable Energy Agency.[1]. The Global Green Hydrogen Energy Market is expected to reach . $72 billion By 2030, PricewaterhouseCoopers (PWC) estimates that hydrogen demand could be between 150 and 500 million metric tons per year by 2050[2].
In December last year, Masdar announced its new shareholding structure and green hydrogen business unit, aiming to achieve 100 gigawatts of renewable energy capacity and 1 million tons of green hydrogen production per year by 2030. Masdar has actively participated in several energy-related projects for green hydrogen production. Last year, Masdar signed an agreement with major state-backed organizations in Egypt to collaborate on the development of a green hydrogen production plant in the country, with the aim of producing up to 480,000 tonnes of green hydrogen per year with 4 GW of electrolyzer capacity by 2030.
About Masdar
Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy champion and one of the largest companies of its kind in the world, is committed to advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges . Founded in 2006, Masdar is now active in more than 40 countries, helping them achieve their clean energy goals and drive sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala) and Abu Dhabi National Energy Company (TAQA), and under this ownership, the company aims to own at least RM100 watts of renewable energy portfolio capacity (GW), and annual green hydrogen production capacity of 1 million tons by 2030.
For more information, please visit: http://www.masdar.ae And connect: facebook.com/masdar.ae and twitter.com/masdar
About the port amsterdam
port amsterdam Aims to be a leading European seaport at the forefront of the transformation towards a sustainable society. The port is a logistics hub for international and domestic trade flows as well as local city distribution. The port focuses on the development of bio and synthetic fuels, hydrogen activities, circular industries and manufacturing. Western European Fourth Port creates added value by employing 68,000 people in the port and port-related companies. Through innovation, the port is working towards a smoother and more transparent shipping process and reducing CO2 emissions from the port and from shipping.port amsterdam Working closely with customers and partners to make port operations faster, smarter and cleaner. So every day is a little better.
For more information, please visit www.portofamsterdam.com
About SkyNRG
SkyNRG has been a global leader in sustainable aviation fuel since 2009. The company is committed to increasing the industry’s SAF demand and production capacity to meet its 2050 net zero commitment. SkyNRG has delivered SAF to over 40 airlines and over 70 corporates worldwide and is currently developing a dedicated SAF production facility to support the transition from fossil jet fuels to sustainable aviation fuels. SkyNRG does not compromise on sustainability; we are a globally recognized Certified B Corp™, our business is certified by the Roundtable on Sustainable Advice from a network of government organizations to ensure we are making the right sustainability decisions throughout all of our operations.
For more information, please visit www.skynrg.com
About Zenith
Zenith Energy is a world-class midstream company that owns and operates more than 5 million cubic meters of renewable fuels, crude oil, petroleum products, chemicals and natural gas storage in North America, Europe and Latin America The focus of the company, through its subsidiaries Zenith International and Zenith US, is to build a sustainable, independent liquid storage terminal business that will provide customers with safe and reliable solutions for years to come.These entities share a common management team and are located in houstonand core values including safety first and environmental protection.
For more information, please visit www.zenithterminals.com
About EVOS
Evos is a leading liquid energy and chemical storage company.It operates a leading network of tank terminals in strategic locations Europe, with a total storage capacity of 6.3 million cubic meters.The terminal is located at Dutch (amsterdam (2x), RotterdamTerneuzen), Belgium (Ghent), Germany (Hamburger), Malta and Spain (Algeciras). Founded in 2019, Evos is owned by investment funds managed by long-term oriented infrastructure asset manager Igneo Infrastructure Partners. Evos has a total of 720 employees.
For more information, please visit www.evos.eu
[1] https://www.irena.org/publications/2022/May/Global-hydrogen-trade-Cost#:~:text=Vast%20green%20hydrogen%20potential%20exists,depends%20on%20the%20land%20available.
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SOURCE Masdar
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