Masdar, an Abu Dhabi-based renewable energy organisation, and Reliance Industries, an Indian conglomerate, are looking into collaborating on green hydrogen, which is a priority for both the UAE and India.

The shareholder agreement for the TA'ZIZ EDC & PVC project was signed by Abu Dhabi Chemicals Derivatives Company (TA'ZIZ) and Reliance. In TA'ZIZ EDC & PVC, Reliance is a significant partner alongside Abu Dhabi National Oil Business (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company. It is a chemical project in Ruwais's TA'ZIZ industrial zone.

With over $2 billion, the TA'ZIZ EDC & PVC joint venture will build and run a chemicals production complex.

Mukesh Ambani, the managing director of Reliance Industries, met with Sultan Al Jaber, the CEO of ADNOC, to discuss new energy and decarbonisation potential across the hydrocarbon value chain.

Al Jaber and Ambani inked a framework agreement between ADNOC and Reliance to explore collaboration in operational decarbonisation, including CO2 sequestration.

Ambani also met with Mohamed Jameel Al Ramahi, CEO of Masdar, to discuss possible collaboration opportunities in renewable energy and green hydrogen, both top priorities for the UAE and India.

The Hydrogen Leadership Roadmap has all information about the UAE's renewable energy portfolio and hydrogen production capabilities.

The UAE announced in December 2021 that it would build a global sustainable energy powerhouse under the Masdar name. That will bring together ADNOC, TAQA, and Mubadala's renewable energy and green hydrogen activities.

Masdar's green hydrogen company will be 43 per cent owned by ADNOC. Mubadala has 33% of the vote, followed by Taqa with 24%.

Source: offshore Energy