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Thursday, April 18, 2024

Masdar and Inpex sign deal for UAE e-methane exploration

Abu Dhabi Future Energy Company PJSC (Masdar), a prominent clean energy provider in the UAE, has joined forces with Inpex, a leading Japanese energy company, to explore the establishment of an Abu Dhabi-based project aimed at producing e-methane. This innovative fuel source will be created using green hydrogen and carbon dioxide, with the potential to drive decarbonization efforts in challenging sectors like industry.

The agreement between Masdar and Inpex was signed during the Japan-UAE Business Forum in Abu Dhabi, and the momentous occasion was witnessed by HH Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Japan’s Prime Minister Fumio Kishida. The collaboration will involve a comprehensive feasibility study covering the entire value chain, including hydrogen production, CO2 procurement, e-methane production, and transportation. The study will also assess the commercial viability of establishing a methanation business in Abu Dhabi, with a potential goal of exporting e-methane to Japan, while considering the project’s impact on emissions reductions.

Mohamed Jameel Al Ramahi, CEO of Masdar, expressed pride in partnering with their Japanese counterparts to advance clean energy solutions. He highlighted the significance of unlocking green hydrogen‘s full potential in producing fuel for homes and businesses. With COP28 set to be hosted in the UAE, Masdar is committed to strengthening alliances with Japanese partners and advancing the global energy transition.

Takayuki Ueda, President & CEO of Inpex, emphasized that carbon recycling and methanation are key aspects of their net-zero business strategy. The joint initiative with Masdar aligns with their decarbonization efforts and commitment to Abu Dhabi, one of their core business areas. The collaboration aims to provide added value for stakeholders in Japan and the UAE while contributing to the realization of a net-zero society by 2050.

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