Energy

The Netherlands and the United Arab Emirates are teaming up to increase hydrogen use

Hydrogen is an important part of the future energy system. Hydrogen makes it possible to further reduce CO2 emissions, especially in industrial applications. In the UAE, hydrogen is a fascinating and vibrant business.

 Now Netherlands has shown interest in joining hands with the UAE to research hydrogen and decarbonize the energy sector The UAE Ministry of Energy and Infrastructure and the Dutch Ministry for Foreign Trade and Development Cooperation has signed a Memorandum of Understanding (MoU) on hydrogen energy. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and Liesje Schreinemacher, Dutch Minister for Foreign Trade and Development Cooperation, signed the MoU at the Netherlands Pavilion during Expo 2020 Dubai.

 The agreement will also support the Paris Climate Accords and help the countries reach net-zero emissions. The Netherlands aims for a 95% decrease in emissions by 2050, whereas the UAE aims for a net-zero ecosystem by 2050. The UAE and Austria have signed an MoU too, so they can work together on advancing hydrogen production capacity in the emirates.

According to Mark Harbers, the Netherlands’ Minister of Infrastructure and Water Management, the UAE is on its way to becoming one of the largest providers of hydrogen to the European market as nations seek renewable energy sources to cut carbon emissions and combat global warming. Earlier in 2022, Mohamed Ibrahim al-Hammadi, CEO of the Emirates Nuclear Energy Corporation, stated that the UAE’s Barakah nuclear energy plant can produce one million tonnes of hydrogen per year.

According to Mark Harbers, the UAE has more sunshine than the Netherlands. Mark Harbers, has said that UAE has more sunshine than the Netherlands has. So that might be a fantastic business opportunity for companies based here to sell their hydrogen in the future to the Netherlands. The UAE is confident on hydrogen industry to be successful and has been drawing up a comprehensive roadmap to position itself as an exporter of clean fuel and tap into its future potential.

Read More: Here

Global Business Magazine

Recent Posts

Riyadh Air Eyes Second Indian City as Saudi Carrier Deepens Its India Expansion

Riyadh Air is preparing to expand its presence in India beyond Mumbai, with the Saudi…

2 weeks ago

AIM Global Foundation enhances the UAE-India investment discussion pre-AIM Congress 2026.

The AIM Global Foundation increased its momentum in interacting with the Indian investment community and…

2 weeks ago

Office sales in Dubai surged by almost 200% to Dh15.8 billion in the first half of 2026.

Sales transactions in Dubai's office market totaled Dh15.8 billion in the first six months of…

2 weeks ago

Majority of Dubai homes under construction already sold as demand keeps pace with supply

New fäm Properties report shows 90%-100% absorption rate for thousands of apartments and villas to…

2 weeks ago

FIA President, H.E. Mohammed Ben Sulayem, meets president of Chile H.E José Antonio Kast strengthening cooperation across Mobility and Motorsport

During the meeting, President Kast signed the FIA’s United Against Online Abuse charter Dubai, UAE,…

2 weeks ago

IMF Executive Board Approves New Two-Year Flexible Credit Line Arrangement with Chile

The IMF approved today a successor two-year arrangement for Chile under the Flexible Credit Line…

2 weeks ago