In the United Arab Emirates (UAE), Masdar has signed a memorandum of understanding with Austrian utility Verbund to explore the production of green hydrogen for the Central Europe market. Mohamed Jameel Ramahi, CEO at Masdar, said, “Masdar has long pioneered green hydrogen as an energy source for the future and today we believe that future is upon us. We are committed to developing our green hydrogen business as we see it playing a significant role in the global energy transition. We look forward to partnering with like-minded companies like Verbund to accelerate investment in this sector and to meet growing demand in Europe.” Last year, Masdar announced the establishment of its new green hydrogen business, with a goal of producing 1 million tons of green hydrogen per annum by 2030.
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