Marubeni : MOU to Establish a Hydrogen-Based Society Concluded between Marubeni and the Abu Dhabi Department of Energy of the United Arab Emirates
January 20, 2020 at 01:09 pm IST
Share
January 20, 2020
Marubeni Corporation
MOU to Establish a Hydrogen-Based Society Concluded between Marubeni and the Abu Dhabi
Department of Energy of the United Arab Emirates
On January 15th, 2020, Marubeni Corporation (hereinafter, "Marubeni") signed a Memorandum of Understanding (hereinafter, "MOU") with the Abu Dhabi Department of Energy of the United Arab Emirates (hereinafter, "DoE"). This MOU is an agreement that both parties will collaborate in establishing a hydrogen-based society and pursuing the efficient use of water and electricity. The MOU will also provide for the exploration of whether or not potential hydrogen production that utilizes renewable energy is technically and commercially viable. Under the MOU, both parties will jointly implement research, development, and proofs of concept, as well as share their respective expertise and know-how in the areas of renewable energy, hydrogen production, supply and distribution.
Many renewable energy sources, such as photovoltaic solar generation, do not generate a reliable volume of power because they are dependent on climate and other conditions which often fluctuate. It is for this reason that hydrogen, which can be used as temporary energy to provide a stable supply of electricity, is currently drawing a lot of attention. Hydrogen is also an effective energy in reducing global warming, as it can be efficiently utilized without emitting carbon dioxide when combusted. The creation of a hydrogen supply chain, which would reduce carbon dioxide emissions, is therefore highly sought after.
The Abu Dhabi Department of Energy (DoE) was established in February 2018 to drive the future direction and provisioning of the emirate's energy sector in all its forms and to create an efficient system that enables economic growth, energy security and sustainable development. DoE's mandate includes enacting policies and regulations and developing strategies to ensure an effective energy transition that underpins Abu Dhabi's sustainable growth, all while protecting consumers and the environment.
Marubeni, as a leading developer and operator of international I(W)PPs, has ownership interests in and operates five projects in the United Arab Emirates, including the Sweihan PV Solar IPP, which has an installation capacity of 1,177MW. In this way, Marubeni has been contributing to the development and growth of the power sector in the United Arab Emirates and Abu Dhabi.
The MOU concluded between Marubeni and the DoE is based upon the excellent and long-standing relationship between both parties, as well as the DoE's appraisal of Marubeni's outstanding track record, its experience participating in a number of proof-of-concepts, and its expertise in research, development and demonstration in the area of hydrogen supply chains.
Marubeni has prioritized climate change as one of its most important areas of focus in the context of sustainability for the environment and society.
Moving forward, Marubeni will continue to explore and expand renewable energy that is safe and reliable, leverage its vast experience gained through work on various power projects, and contribute to the materialization of a low-carbon society through the effective use of hydrogen.
< Overview of DoE>
Name
Abu Dhabi Department of Energy
Chairman
H.E. Awaidha Murshed Al Marar
Responsibility
Planning and directing Abu Dhabi's energy sector.
Attachments
Original document
Permalink
Disclaimer
Marubeni Corporation published this content on 20 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2020 07:38:10 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)