Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and Daimler Truck Holding AG, one of the world’s leading commercial vehicle manufacturers, have signed a Memorandum of Understanding (MoU) to explore the feasibility of liquid green hydrogen exports from Abu Dhabi to Europe by 2030.
The MoU was signed in Abu Dhabi by Fawaz Al Muharrami, Executive Director of Clean Energy and Deputy COO at Masdar and Martin Daum, Chairman of the Board of Management and CEO of Daimler Truck. The collaboration between the two pioneering companies with complementary roles represents a significant advancement in ongoing efforts to tackle CO2-emissions in road freight transport.
The UAE’s plans to establish itself as a leading and reliable producer and supplier of low carbon hydrogen by 2031.
As the UAE’s clean energy powerhouse and one of the fastest growing renewable companies in the world, Masdar is at the vanguard of advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.
Established in 2006, Masdar has developed projects in more than 40 countries with a total electricity generation capacity of more than 20GW (Gigawatt). It has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100GW by 2030.
Daimler Truck is clearly committed to the Paris Climate Agreement and to lead sustainable transportation. The company is planning to make its entire range of trucks and buses CO2-neutral in driving operation across its global core markets (Europe, U.S., Japan) by 2039.