Daimler Truck and Masdar to explore UAE-to-Europe liquid hydrogen exports
Daimler Truck and Masdar have announced they will explore the feasibility of liquid green hydrogen exports from the UAE to Europe.
Under a Memorandum of Understanding (MoU), the two companies will assess the export of the fuel, aimed to be delivered to Europe by 2030 and advance the decarbonisation of the continent’s transport industry.
The Abu Dhabi Future Energy Company, Masdar, has invested, or committed to invest, in worldwide projects with a combined value of more than $30bn with ambitious growth plans to reach 100GW by 2030. Its current total electricity generation capacity is more than 20GW.
Daimler Truck is aiming to achieve a dual-track strategy with hydrogen and battery-powered vehicles and to demonstrate the feasibility of using liquid hydrogen in road transport, the company’s Mercedes-Benz GenH2 Truck prototype completed a trip ranging 1,047km across Germany under one fill of liquid hydrogen.
Mohamed Jameel Al Ramahi, Masdar CEO, said, “This agreement has the potential to enable a significant reduction of CO2 emissions in road freight transport in Europe, supports the UAE’s ambition to become a leader in the low-carbon hydrogen market by 2031, and aligns with our ‘smart-early-mover’ approach to deliver projects with strategic partners across the world.”
Daimler Truck CEO and Chairman of the Board of Management, Martin Daum, added, “In order to decarbonise 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 dedicated to support the Paris Climate Agreement and is planning to make its entire range of trucks and buses CO2 neutral in driving operation across its global core markets – in Europe, the US, and Japan – by 2039.
The agreement also supports UAE’s ambition to become a leading producer and supplier in the low-carbon hydrogen market by 2031, along with European Green Deal emission reduction targets.