Abu Dhabi Future Energy Company – Masdar – today announced its ambitious quest to capture a 5% share of the global green hydrogen market by 2030.

This strategy represents a huge step towards achieving the UAE's ambitious sustainability goals and strengthening its position as a global leader in clean energy.

According to statements by Mohammed Abdul Qader Al Ramahi, CEO of Green Hydrogen Management at Masdar, the company aims to produce one million tons of green hydrogen annually, half of which is destined for export from Abu Dhabi.

Masdar's strategy focuses on producing green hydrogen and its derivatives, including green ammonia, jet fuel, ship fuel, and green iron.

The company seeks to make green hydrogen an essential component of the UAE economy, by stimulating its consumption locally and internationally.

This announcement comes on the heels of Masdar launching a pilot project in cooperation with Emirates Steel during COP28, focusing on using green hydrogen in the production of green iron and green aluminium.

Masdar also signed a cooperation agreement with Emirates Global Aluminium, the largest producer of high-quality aluminum in the world. With the aim of reducing carbon emissions in the aluminum sector and promoting low-carbon aluminum production using renewable energy.

Masdar continues to explore new opportunities to develop renewable energy projects and produce and store green hydrogen, to support its efforts to achieve its climate goals.

In addition, Masdar is participating in the Future Summit to highlight the practical benefits of sustainability in organizing major international events, and enhancing international cooperation to develop more sustainable global energy systems.