Announced
TAQA, Mubadala and ADNOC to form a joint venture in a $3bn deal.
Synopsis
Abu Dhabi National Energy Company, Mubadala and Abu Dhabi National Oil Company agreed to form a joint venture specialized in renewable energy and green hydrogen in a $3bn deal. As an early pioneer in the emerging market for hydrogen and its carrier fuels, ADNOC has ambitious plans to grow domestic and international hydrogen value chains, leveraging its trading capabilities, existing infrastructure and logistics.
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