The Abu Dhabi National Oil Company (ADNOC) announced that it has joined the Hydrogen Council.
The 100-plus member international organisation with companies from over 20 countries supports the acceleration of hydrogen adaptation in the energy transition.
Hydrogen has the potential to be a low-carbon fuel with over 30 countries having released hydrogen roadmaps and more than 228 large-scale projects underway along the value chain.
Reports suggest that hydrogen may account for as much as 18 per cent of global energy demand by 2050.
Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, said, "ADNOC is an early pioneer in the emerging market for hydrogen and its carrier fuels, such as blue ammonia, driving the UAE’s leadership in creating international hydrogen value chains and a local hydrogen eco-system."
ADNOC is working with the UAE Ministry of Energy and Infrastructure, Mubadala Investment Company (Mubadala) and ADQ in the Abu Dhabi Hydrogen Alliance (the Alliance) to jointly establish Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in emerging international markets.
ADNOC plans to leverage its existing hydrogen production infrastructure to become one of the lowest cost and largest producers of blue hydrogen in the world.
Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September.
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will meet in New Delhi by the end of year, but no dates have been finalised yet, a Russian embassy official in India said on Wednesday.
India and China agreed on Tuesday to resume direct flights and step up trade and investment flows as the neighbours rebuild ties damaged by a 2020 border clash.
Air Canada's unionised flight attendants have reached an agreement with the country's largest carrier on Tuesday, ending the first strike by its cabin crew in 40 years that had upended travel plans for hundreds of thousands of passengers.
Norway's sovereign wealth fund, the world's largest, said on Monday it had decided to exclude another six companies with connections to the West Bank and Gaza from its portfolio, following an ethics review of its Israeli investments.