UAE clean energy firm Masdar, and Daimler Truck have signed a Memorandum of Understanding (MoU) to explore liquid green hydrogen exports from Abu Dhabi to Europe by 2030.

The two companies say this is a significant advancement in ongoing efforts to tackle CO2-emissions in road freight transport.

Mohamed Jameel Al Ramahi, Masdar CEO said: “Masdar’s ambition is to be one of the leading players in the development of green hydrogen globally and we believe that transportation is one of the most strategic markets for green hydrogen.”

Masdar, founded in 2006, has developed projects in more than 40 countries with a total electricity generation capacity of more than 20GW (Gigawatt).

It has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100GW by 2030.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

The UAE has ambitions of establishing itself as a leading and reliable produced and supplier of low caron hydrogen by 2031.

Martin Daum, Chairman of the Board of Management and CEO of Daimler Truck: “In order to decarbonize commercial vehicles, it is absolutely crucial to make green energy globally available. Our initiative with Masdar marks an initial step for us to enable the supply of liquid green hydrogen in Europe.”

Daimler Truck is planning to make its entire range of trucks and buses CO2-neutral in driving operation across its global core markets (Europe, U.S., Japan) by 2039.

In a demonstration of the feasibility of using liquid hydrogen in road transportation, the company’s prototype Mercedes-Benz GenH2 Truck recently completed a trip of 1,047 kilometers across Germany with one fill of liquid hydrogen under real-life conditions.

Daimler Truck is building a customer-trial fleet of Mercedes-Benz GenH2 Trucks which are expected to be deployed in mid-2024.