Mubadala Investment Co. and infrastructure operator Snam signed a Memorandum of Understanding (MoU) looking for opportunities to develop and invest hydrogen in the UAE.
Both companies will do several assessment activities in advancing the role of hydrogen in the global future energy demand. Those activities include the technical and economic feasibility studies to explore potential projects and solutions to foster and promote hydrogen development in the UAE, and elsewhere globally.
For Snam, this agreement is further strengthening its presence in the energy-strategic UAE and the Gulf area.
