UAE targets 25% of hydrogen market by 2030

The United Arab Emirates (UAE) announced that they intend to target 25 percent of the global hydrogen market by 2030, state news agency WAM reported.

"The UAE is well positioned to be a leader in low carbon hydrogen with natural competitive advantages for both blue and green hydrogen, however, green hydrogen production remains in its infancy, requiring an international collaboration to accelerate its development. Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals and which will also assist globally by exporting hydrogen," said Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure in a statement.

The UAE said its implementing seven projects already that will target 25 percent market share in the key export markets, including Japan, South Korea, Germany, and India initially along with additional high-potential markets in Europe and East Asia.