Abu Dhabi's renewable energy company, Masdar, is advancing the development of a hydrogen demonstrator project as part of an alliance of state-backed entities. The project's design will be complete by the end of the year, the company's new director of clean energy, Fawaz Al Muharrami, said.
The company has already begun an assessment of its green hydrogen demonstrator project, which will find uses for fuel cells in buses at the carbon-neutral Masdar City as well as in aviation fuel to be used by Etihad and Lufthansa.
Masdar's parent company Mubadala, alongside Abu Dhabi National Oil Company and holding company ADQ, agreed earlier this year to form a hydrogen alliance to produce green and blue variants of the fuel.
Green hydrogen refers to the gas produced from renewable sources of energy such as wind and solar, which powers electrolysers that split water molecules. Blue hydrogen, which is being produced by Adnoc, is manufactured through steam methane reforming.
"For this year, we have already initiated the assessment, the design aspect of the project," Mr Al Muharrami told The National in an interview.
"Hopefully, by the end of this year we'll be able to complete that work so that we can begin the next phase of that project," he added.
This will involve construction of the demonstrator project and is likely to take two years, he said.
A second phase of the project will look into extending the use of the fuel in the maritime and shipping sectors.
Hydrogen has become an increasingly popular alternative fuel that is being prioritised for development by Gulf oil-exporting countries such as the UAE and Saudi Arabia.
Masdar's project has backers including Germany's Siemens Energy, Japan's Marubeni, Etihad Airways, the Lufthansa Group, the UAE's Khalifa University of Science and Technology and the Abu Dhabi Department of Energy.
The main infrastructure for the green hydrogen project is being developed by Siemens Energy and Marubeni. The German company is also developing one of the first solar-powered electrolyser projects to produce hydrogen for fuel cells at Dubai's Expo 2020, which was delayed until this year due to the Covid-19 pandemic.
Masdar will trial the manufacture of hydrogen using solar photovoltaic power and will look at opportunities in the future to export such fuel to meet growing demand globally, particularly in Europe.
"The UAE, in particular, has that advantage, being the cheapest source of renewable [energy and] through PV [we] could actually be able to generate this easily," said Mr Al Muharrami.
Solar power capacity of around 10 to 25 megawatts could power the initial electrolyser needed to generate green hydrogen, he added.
"We are able to easily adapt to hydrogen and transport that hydrogen to the world – including Europe – and we can actually play that role in the future," Mr Al Muharrami said.
Falling costs for solar will allow green hydrogen to cost less than natural gas by 2050, according to BloombergNEF.
The UAE's Gulf neighbour Saudi Arabia is also looking to become an exporter of green hydrogen.
The kingdom, the world's largest exporter of crude, plans to sell green hydrogen produced locally to Europe through a pipeline "if the economics allow for it", energy minister Prince Abdulaziz bin Salman said in February.
The UAE is in the process of updating its 2050 energy strategy with a greater potential role for hydrogen.
The country also plans to tap nuclear energy as a baseload to power hydrogen production in the future.
In March, the UAE Cabinet approved a nationwide system for hydrogen vehicles.
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Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
India team for Sri Lanka series
Test squad: Rohit Sharma (captain), Priyank Panchal, Mayank Agarwal, Virat Kohli, Shreyas Iyer, Hanuma Vihari, Shubhman Gill, Rishabh Pant (wk), KS Bharath (wk), Ravindra Jadeja, Jayant Yadav, Ravichandran Ashwin, Kuldeep Yadav, Sourabh Kumar, Mohammed Siraj, Umesh Yadav, Mohammed Shami, Jasprit Bumrah.
T20 squad: Rohit Sharma (captain), Ruturaj Gaikwad, Shreyas Iyer, Surya Kumar Yadav, Sanju Samson, Ishan Kishan (wk), Venkatesh Iyer, Deepak Chahar, Deepak Hooda, Ravindra Jadeja, Yuzvendra Chahal, Ravi Bishnoi, Kuldeep Yadav, Mohammed Siraj, Bhuvneshwar Kumar, Harshal Patel, Jasprit Bumrah, Avesh Khan
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Votes
Total votes: 1.8 million
Ashraf Ghani: 923,592 votes
Abdullah Abdullah: 720,841 votes
CHATGPT%20ENTERPRISE%20FEATURES
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The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
GIANT REVIEW
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Director: Athale
Rating: 4/5
Specs
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UAE currency: the story behind the money in your pockets
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