Saudi Arabia cooperates with Japan in studying producing clean hydrogen in Kingdom
- Date: 04-Mar-2023
- Source: Saudi Gazette
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Arabia cooperates with Japan in studying producing clean hydrogen in Kingdom
Saudi Gazette report RIYADH — The Public Investment Fund (PIF) has signed a memorandum of understanding (MoU) with Japan’s Marubeni Corporation to study producing clean hydrogyn in Saudi Arabia. Within the framework of the MoU, the export of the clean hydrogen to the local and international markets will be studied. It is noteworthy that PIF intends to invest more than $10 million green projects by 2026, including renewable energy, clean transportation, sustainable water management.