Dec 08, 2023 17:22 JST

Source: Mitsubishi Heavy Industries, Ltd.

MHI and ADNOC Sign Agreement to Explore Low Carbon Collaboration Opportunities to Build Blue NH3 and Blue H2 Value Chains
- MHI's extensive range of technology is expected to support ADNOC's continuing efforts to achieve its ambition for carbon net zero by 2045.
- The two companies will seek to complement each other's strengths and create synergies to decarbonize existing industries and export resources the world over.

TOKYO, Dec 8, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) and ADNOC signed an agreement on December 6 memorializing their intent to explore potential opportunities for collaboration on the development of value chains for blue NH3 and blue H2. (the "Agreement").

MHI will act as a technology solution provider to support decarbonization of oil and gas production sites owned by ADNOC and the development of businesses to produce blue hydrogen and blue ammonia while creating demand for these resources the world over. The two companies will seek to complement each other's strengths and create synergies between ADNOC's assets and MHI's related technologies, with the aim of accelerating the development of the hydrogen and ammonia businesses, as well as carrying out initiatives with a view to supporting efforts to achieve net zero emissions globally.

MHI has a wide range of technology that can help accelerate the energy transition, including hydrogen-fired gas turbines and ammonia-fired gas turbines, ammonia co-fired boilers and hydrogen production equipment, and expects to utilize the knowledge it has gained through previous projects such as proof-of-concept testing at Takasago Hydrogen Park to increase the feasibility of products and provide support for ADNOC's ambition to achieve net zero by 2045.

On the signing of the Agreement, Dr. Hitoshi Kaguchi, Senior Executive Vice President at MHI who is responsible for energy transition and the expansion of growth fields, said, "It is great honor to be able to collaborate with a leading company in decarbonizing hard-to-abate industry sectors, and in developing a low carbon fuel value chain globally. We are looking forward to contributing to ADNOC's net zero ambition through our reliable technology in the coming projects under this Agreement."

Mr. Musabbeh Al Kaabi, ADNOC's Executive Director of Low Carbon Solutions and International Growth said, "This partnership is a continuation of the UAE's long standing and mutually successful strategic bi-lateral relationship with Japan. By matching Mitsubishi's related technologies with our assets, we will not only assess opportunities to develop the important hydrogen and ammonia value chains but also explore synergies that have the potential to benefit ADNOC and the broader new energies eco-system. Our combined expertise and commitment to advancing climate neutral technologies holds great potential to accelerate our own journey to net zero by 2045."The two companies will use the momentum of this Agreement to provide support for the building of hydrogen and ammonia supply chains to meet demand for industries such as power generation all over the world and to act as leaders in efforts to build carbon-neutral societies as quickly as possible.

About ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC's objective is to maximize the value of the Emirate's vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates' economic growth and diversification. To find out more, visit: www.adnoc.ae

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Oil & Gas

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Mitsubishi Heavy Industries Invests in Fervo Energy, a US-Based Enhanced Geothermal System Startup
March 01 2024 20:10 JST
 
MHI Group Presents "Best Innovation 2023" Awards for Activities that Contribute to Protecting the Environment
February 21 2024 15:28 JST
 
MHI Recognized by CDP as Being at the Leadership Level for Climate Change Earning A- score
February 19 2024 09:08 JST
 
Mitsubishi Power Receives Order for State-of-the-Art JAC Series GTCC Power Plant for Uzbekistan Navoi 3 Power Plant Project
February 13 2024 17:15 JST
 
MHI Contributes to Successful Acquisition of First Observation Images by JAXA's "XRISM" X-ray Imaging and Spectroscopy Mission Satellite
February 09 2024 15:46 JST
 
MHI Concludes Nissay Positive Impact Finance Agreement
February 09 2024 15:33 JST
 
Mitsubishi Heavy Industries Achieves Large YoY Growth in Order Intake, Revenue, and Profit in Strong Third Quarter, Raises FY2023 Order Intake and Revenue Guidance
February 07 2024 16:26 JST
 
MHI and Worley Awarded FEED Contract for UK's First CO2 Capture Plant at a Cement Production Facility
February 06 2024 14:13 JST
 
MHI Thermal Systems to Launch New Air-Conditioner TV Ads Featuring Popular Actor Keiko Kitagawa
January 24 2024 15:13 JST
 
MHI Completed manufacturing of Three Replacement Steam Generators for EDF's Nuclear Power Plant
January 22 2024 17:22 JST
 
More Press release >>

Latest Press Release


More Latest Release >>