UAE to invest $23 bn in hydrogen and ammonia production for 5 years

14:37 - 4.10.2024


October 4, Fineko/abc.az. The UAE will invest $23 billion in hydrogen and ammonia production over five years, aiming to occupy 5% of global pure hydrogen production by 2030, AB.AZ, reports, referring to a top manager of the Abu Dhabi National Oil Company (ADNOC). 

According to Musabbeh Al Kaabi, executive director of company's low-carbon division, while continuing to develop oil and gas fields, ADNOC will produce hydrogen and ammonia in the UAE and the U.S.