Abu Dhabi National Oil Company (ADNOC) and US energy tech major Baker Hughes have signed an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen, as well as graphene.
ADNOC said it will collaborate with Baker Hughes as a strategic partner to study and pilot the deployment of innovative solutions from Baker Hughes’ hydrogen portfolio. Those include new growth stage decarbonisation technologies Baker Hughes has invested in across the graphene, methane pyrolysis and next-generation electrolysis spaces.
More specifically, ADNOC noted that the collaboration will include exploring the application of three emerging technologies that Baker Hughes has invested in:
Musabbeh Al Kaabi, ADNOC Executive Director, Low Carbon Solutions and International Growth Directorate, said: “The unique properties of graphene make it a promising agent to help decarbonise a variety of hard-to-abate sectors while hydrogen can serve to accelerate decarbonisation as it does not generate any carbon emissions at the point of use.”
“Across ADNOC, we are proactively pursuing a strategy to accelerate the production and deployment of low-carbon and renewable hydrogen. We look forward to working in partnership with Baker Hughes, and its venture companies, as part of our continuing journey to transform, decarbonise and future-proof the way we provide energy to the world.”
Lorenzo Simonelli, Baker Hughes Chairman and CEO, stated: “We are proud to support ADNOC on its continuing journey to deploy new climate technology solutions that can advance the global energy transition. Collaboration is crucial to supporting and accelerating the growth of low-carbon energy sources. This agreement is a further testament to Baker Hughes’ strategy and commitment toward transforming the energy industry to support global climate change goals.”
To note, the collaboration between the two companies builds on ADNOC’s $15 billion commitment towards decarbonisation projects by 2030 and follows a strategic technology collaboration agreement signed between the two companies in November 2022.