Reading Time: 2 minutes
TAQA (Abu Dhabi National Energy Company PJSC) is one of the biggest listed integrated utilities in the Middle East.
TAQA CEO and Managing Director, Jasim Husain Thabet, and CEO of Emirates Steel, Engineer Saeed Ghumran Al Remeithi signed a Memorandum of Understanding (MoU) for developing a large-scale green hydrogen project enabling the first green steel produced in the MENA region.
The green hydrogen will help in low carbon steel manufacturing, saving energy while creating a sustainable and clean manufacturing process as well as for the transportation sector. This project also lays the foundation for growth and expansion to cater the international demand.
Jasim Husain Thabet, said, “TAQA is setting out to become a recognized champion of low carbon power and water, and this partnership with Emirates Steel leverages our combined expertise to lower the overall cost of production as well as reducing carbon emissions.”
“Finding commercially viable industrial-scale solutions like this is key to unlocking the potential of green hydrogen as an emerging clean energy source. TAQA is uniquely well-placed in this region to combine our world-leading solar PV, water, and energy know-how to unlock opportunities that work for our stakeholders,” he added.
Engineer Saeed Ghumran Al Remeithi said, “This was a new chapter in the company’s journey towards placing sustainability and industrial innovation at the core of its technical and operational activities. The production of green steel through a sustainable and clean manufacturing process based on green hydrogen supports Emirates Steel’s efforts to preserve the environment and its natural resources. This project will be added to our track record of sustainable achievements, including our carbon-capturing project in partnership with the Al Reyadah Carbon Capture, Utilization & Storage Facility.”
“Emirates Steel is a member of the world steel Climate Action Program, highlighting that the company is the first steel manufacturer in the region and one of the first 50 companies in the world to be verified for LEED documentation. Moreover, Emirates Steel’s products conform with local and global green buildings rating systems,” he further added.
TAQA’s 2030 strategy for growth comprises of increasing gross power capacity from 18 GW to 30 GW in the Middle East and up to 15 GW globally and green hydrogen is a valuable part of it.
By 2030, solar PV will be more than 30% capacity of the generation portfolio in renewable energy.