Mubadala's Cepsa looks to Abu Dhabi for green hydrogen and clean energy partnerships
The Spanish company is in talks with Adnoc and Masdar as it pursues its low-carbon energy strategy in Europe Cepsa is leveraging its relationship with Mubadala Investment Company and is in talks with Abu Dhabi National Oil Company and Masdar on potential co-investments and partnerships as it pursues its low-carbon energy strategy in Europe, its chief executive has said. The Spanish oil and gas company, which is majority owned by Abu Dhabi’s strategic investment fund Mubadala, is in talks with state-owned energy producer Adnoc for a green hydrogen partnership, Maarten Wetselaar told The National in an interview. The potential tie-up can take the form of joint investments in developing the entire hydrogen value chain from the Middle East to Europe and North Africa. Another option is Cepsa focusing on building demand and infrastructure in Spain and other parts of Europe as Adnoc remains focused on hydrogen production, he said. “We are actually discussing exactly that question ...