The UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with the Federal Ministry of Finance of the Republic of Austria for comprehensive collaboration in the hydrogen technology industry.
The agreement follows the Comprehensive Strategic Partnership, which was signed in July 2021. The objective of the hydrogen collaboration is to build a long-term, reliable, and mutually beneficial partnership for shared and common goals.
The collaboration will comprise a permanent framework for collaboration and exchange across the entire hydrogen ecosystem, including production, storage, conversion, transport, trade, reconversion, utilization of clean hydrogen, as well as manufacturing and services along the value chain, and joint research and development activities.
Moreover, the collaboration will develop a joint roadmap to support the acceleration of the use of hydrogen in key sectors such as utilities, mobility and industry through their respective operating companies.
Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, said, “The MoU aims to establish a comprehensive collaboration in hydrogen technology, which will build on the strengths of each party and contribute to the UAE’s position as a leading global energy producer.”
Elisabeth Köstinger, Austria’s Federal Minister of Agriculture, Regions and Tourism, commented, “The United Arab Emirates offer ideal conditions for green hydrogen production, while Austria has decades-long experience in gas transport and storage and the required infrastructure.”