The exported green hydrogen will be supplied to key European sectors – sustainable aviation fuel (SAF), steel production and bunkering for shipping – and will also be delivered to new, emerging European customers, via pipelines, trucks and barges. Together, the parties will explore different methods of transporting hydrogen, with a focus on liquid organic hydrogen carriers and liquid hydrogen.
HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 president and Masdar chairman: “The UAE wants to play a pivotal role in the emerging green hydrogen economy and this partnership with the Port of Amsterdam and associated players in the green hydrogen space would help position Abu Dhabi as a key hub for green hydrogen development.”
“The Netherlands is keen to develop green hydrogen corridors with key future exporting countries such as the UAE,” said Wopke Hoekstra, foreign minister of the Netherlands. “Our country is well positioned to become a hydrogen hub for the Northwest European market.”
1 Million tonnes per year
Green hydrogen is produced with green electricity from renewable energy sources such as wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis. The global green hydrogen market is expected to reach USD 72 billion by 2030. PricewaterhouseCoopers (PWC) estimates that hydrogen demand could reach 150 to 500 million tonnes per year by 2050.
Masdar announced its new green hydrogen business unit in December, aiming to reach 100 GW of renewable energy capacity and green hydrogen production of 1 million tonnes per year by 2030. The Port of Amsterdam plans to import the same amount annually.