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UAE, Russia Ink Agreement to Partner on Hydrogen Development Amid Net Zero Pledges

The UAE and Russia, members of the OPEC+ alliance, have signed an agreement to collaborate on hydrogen development, particularly in the production, storage and transportation of the fuel, as the two energy producers aim to fulfill clean energy strategies under their net zero carbon emissions pledges.

The UAE's Ministry of Industry and Advanced Technology signed a memorandum of understanding with Russia's Ministry of Industry and Trade on the sidelines of ADIPEC conference in Abu Dhabi, the UAE ministry said on twitter Nov. 17

Under the MOU, the UAE and Russia will collaborate in the manufacture of equipment used in the production, liquefaction and use of raw hydrogen and fuel mixtures that use hydrogen as a main element, UAE's state-run Wam news agency said, citing a ministry statement.

The UAE and Russia signed on Nov. 15 a joint declaration of intent on energy cooperation. The UAE, OPEC's third biggest oil producer, was the first Middle Eastern country to commit to a net-zero emissions target by 2050, with AED 600 billion ($163 billion) in planned renewables investments.

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Posted on :11/20/2023