ACWA Power, Dutch entities to explore green hydrogen export corridor

ACWA Power, Dutch entities to explore green hydrogen export corridor

Image: ACWA Power

Saudi Arabia’s ACWA Power has signed a memorandum of understanding (MoU) with Zenith Energy Terminals, GasLog and Port of Amsterdam to explore the viability for a green hydrogen export corridor between ACWA Power’s global hydrogen production sites and the port.

The companies exchanged the MoU during the Saudi-EU Investment Forum, which took place in Riyadh on October 23.

The forum was co-hosted by the Ministry of Investment of Saudi Arabia and the EU.

This MoU builds upon a previous agreement signed between Saudi Arabia and the Netherlands, aiming to enhance cooperation in various sectors such as clean hydrogen, marine transport technologies, standards, certification, and the establishment of efficient international supply chains connecting both countries.

ACWA Power aims to become a large global producer of green hydrogen and is currently developing numerous projects in several locations, including the $8.5bn NEOM Green Hydrogen Project in Saudi Arabia, which is the world’s largest utility-scale commercial facility of its kind, powered entirely by renewable energy.

ACWA Power is developing its second green hydrogen project in Uzbekistan, and is pursuing further projects and feasibility studies in different countries in the Middle East, Africa, and various other locations. Part of the green hydrogen produced will be allocated for