Mubadala and Snam form hydrogen partnership in the UAE

Mubadala Investment Company (Mubadala) and Snam today (22nd March) unveiled a new partnership to foster and promote hydrogen development in the UAE.

The companies have signed a Memorandum of Understanding (MoU) for the efforts that will include a number of assessment activities, including technical and economic feasibility studies to explore potential projects and solutions.

At the signing Marco Alvera, CEO at Snam, said, “This agreement shows Snam’s commitment to accelerate the energy transition and the development of green gases, more specifically, at global level by applying our skills and technologies to enhance the competitiveness of this key solution for the climate challenge.”

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