Abstract
This study analyzes the strategic impacts of the UAE's push towards diversifying its petroleum industry on international petrochemical companies. The research focuses on the UAE's investments and supportive policies, highlighting the need for international firms to shift strategies by developing high-value-added products, enhancing productivity through carbon reduction and digital technologies, and diversifying export markets. Methodologies include a comparative analysis of production costs and market competitiveness. Key findings reveal the potential for hydrogen imports from the UAE due to lower production costs of blue and green hydrogen compared to Europe, advocating for a diversified hydrogen sourcing strategy. The study underscores the importance of international cooperation for technological advancement and carbon reduction, proposing joint ventures and collaborative research as pathways to enhance global competitiveness and create employment.
Published Version
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