UAE's ADNOC to explore clean energy expansion, CEO says | Reuters:
Abu Dhabi National Oil Company (ADNOC) will look at expanding into clean energy, with investments in hydrogen an area of interest for the oil producer, chief executive officer Sultan al-Jaber said on Wednesday.
“We are pursuing hydrogen as a potential new venture as part of clean energy and clean technology strategy,” al-Jaber told the Energy Intelligence forum.
Hydrogen has long-been touted as a potential clean fuel as it only emits water vapour but it has failed to gain traction, mainly because of historically high production, transportation and storage costs.
But the oil company expects that hydrocarbons will remain at the core of its business.
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