Dr Al Jaber is also the UAE s minister of industry and advanced technology.
Adnoc can help India navigate the global energy transition , Dr Al Jaber said. We believe hydrogen offers promise and potential as a genuinely zero-carbon fuel.
The alternative fuel, which has risen in prominence in several markets around the world, is being prioritised for development in the UAE, Opec s third-largest producer.
Globally, the hydrogen industry is expected to grow to $183 billion by 2023, from $129bn in 2017, according to Fitch Solutions. French investment bank Natixis estimates that investments in hydrogen will exceed $300bn by 2030.
Oil-exporting countries in the Middle East such as Saudi Arabia and the UAE plan to tap into hydrogen and produce the clean, alternative fuel for exports in the future.
India asks its state oil refiners to reduce dependence on Saudi Arabia newscast-pratyaksha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newscast-pratyaksha.com Daily Mail and Mail on Sunday newspapers.
Following the OPEC+ decision to roll over the production cuts into April, India is asking its state-owned refiners to aggressively look to diversify imports away from the Middle East