Masdar and Hy24 have signed a strategic joint development and investment framework agreement to develop large scale hydrogen projects.
Agreed during COP28 in Dubai, the two companies will explore the development and investment in Power-to-X projects, involving renewable power converted to hydrogen via electrolysers, and its derivates such as ammonia, e-methanol, sustainable aviation fuel (SAF), and liquid hydrogen.
Focusing on projects located in key regional hubs across Europe, the Americas, Asia Pacific, and the Middle East and North Africa (MENA). The agreement is expected to broaden Hy24’s investment base and role as a springboard for large-scale hydrogen projects.
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