Abu Dhabi Future Energy Company Masdar, and Daimler Truck, have signed a Memorandum of Understanding (MoU) to explore the feasibility of liquid green hydrogen exports from Abu Dhabi (UAE) to Europe by 2030.

The collaboration between the two companies with represents a significant advancement in ongoing efforts to tackle CO₂ emissions in road freight transport. The UAE’s plans to establish itself as a leading and reliable producer and supplier of low carbon hydrogen by 2031.

Mohamed Jameel Al Ramahi, Masdar CEO said: “Masdar’s ambition is to be one of the leading players in the development of green hydrogen globally and we believe that transportation is one of the most strategic markets for green hydrogen. This agreement has the potential to enable a significant reduction of CO₂emissions in road freight transport in Europe, supports the UAE’s ambition to become a leader in the low-carbon hydrogen market by 2031 and aligns with our ’smart-early-mover’ approach to deliver projects with strategic partners across the world.”

Martin Daum, chairman of the Board of Management and CEO of Daimler Truck: “We at Daimler Truck aim to lead sustainable transportation. In order to decarbonize commercial vehicles, it is absolutely crucial to make green energy globally available. Our initiative with Masdar marks an initial step for us to enable the supply of liquid green hydrogen in Europe.”

Established in 2006, Masdar has developed projects in more than 40 countries with a total electricity generation capacity of more than 20GW (Gigawatt). It has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100GW by 2030.