Abu Dhabi’s ADNOC and Masdar have teamed up with British oil and gas company bp to develop clean and low carbon energy projects in the UK and UAE.
The companies have signed three agreements, which could result in multi-billion-dollar investments, creating thousands of new jobs.
Under the terms of the first agreement, the companies will initially develop 2GW of low carbon hydrogen across the UK and UAE, with plans to expand as the project progresses.
Under the second agreement, bp and Masdar will explore opportunities to develop, build and operate sustainable energy and mobility solutions for cities in the UK, UAE and beyond.
The two companies will initially focus on the application of energy efficiency and storage, cleaner fuels and distributed renewables generation.
Under the third agreement, bp and ADNOC will extend their partnership to decarbonise oil and gas operations in Abu Dhabi, including carbon capture use and storage (CCUS) hubs.
The companies will harness advanced methane emission detection and reduction technologies and create smart decision centres in the UAE.
Digital and AI technologies will be used to advance operational efficiency.
The partnership is expected to support the UK government’s target to develop 5GW of hydrogen production by 2030.
For more information visit bp’s website.