Mubadala and Snam sign MoU to develop hydrogen power ...United Arab Emirates

Local News by : (ME CONSTRUCTION NEWS) -
Abu Dhabi’s investment arm Mubadala Investment Company (Mubadala) has signed a Memorandum of Understanding (MoU) one of the world’s leading energy infrastructure operators with the aim to collaborate on joint investment and development initiatives on hydrogen. As part of the agreement, Snam and Mubadala “will carry out a number of assessment activities, including technical and economic feasibility studies to explore potential projects and solutions to foster and promote hydrogen development in the UAE, and elsewhere globally.” The MoU was signed by Musabbeh Al Kaabi, CEO, UAE Investments, Mubadala and Marco Alvera’, CEO, Snam. “As a responsible investor and an active player in the global ene

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