Masdar, a leading renewable energy developer based in the UAE, and Germany’s Daimler Truck Holding AG (ETR:DTG) have joined forces to explore the feasibility of exporting liquid green hydrogen from Abu Dhabi to Europe by 2030. The two entities have formalized their collaboration by signing a memorandum of understanding (MoU), aiming to significantly contribute to reducing carbon dioxide emissions in European road freight transport.
“This agreement represents a significant opportunity to lower CO2 emissions in Europe’s road freight transport sector and aligns with the UAE’s goal to become a frontrunner in the low-carbon hydrogen market by 2031,” said Masdar’s CEO Mohamed Jameel Al Ramahi.
Masdar has been at the forefront of green hydrogen production, actively seeking investment opportunities and partnerships in this emerging field. In a recent move, Masdar announced a strategic framework agreement with Hy24, focusing on the development of large-scale green hydrogen projects across Europe, the Americas, Asia Pacific, and the MENA region.
Martin Daum, CEO of Daimler Truck, emphasized the critical role of green energy in decarbonizing commercial vehicles. “Our partnership with Masdar is a vital step towards making liquid green hydrogen available in Europe, which is essential for the decarbonization of the commercial vehicle sector,” he remarked.
Daimler Truck has also been making strides in sustainable energy sourcing. In October, the German automotive giant signed several renewable power offtake agreements with Statkraft AS. These agreements ensure that all its production sites in Germany will be powered solely by renewable energy. Additionally, in the same month, Daimler Truck entered into a partnership with EnBW to investigate the potential of using geothermal energy to heat the Mercedes-Benz plant in the City of Worth am Rhein.
The collaboration between Masdar and Daimler Truck highlights a growing trend in the automotive and energy sectors towards sustainable practices. By focusing on the production and export of liquid green hydrogen, the partnership underscores a shared commitment to environmental sustainability and the global transition to low-carbon energy sources.
