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  • 12-08-21

    Saudi Arabia turns to Germany to explore opportunities in hydrogen

    (MENAFN)Saudi Arabia converts to Germany to expand opportunities in hydrogen when the Kingdom is competing to be one of the largest players in the fuel of the future.

    According to state news agency SPA, the kingdom’s Cabinet last night approved a memorandum of understanding amid the Ministry of Energy and Germany’s Federal Ministry of Economic Affairs and Energy to increase opportunities in the hydrogen field.

    This deal shows at a time when state-owned energy giant Saudi Aramco is aiming to increase in production of blue hydrogen, as the futuristic project of NEOM is planning to produce its first green hydrogen in 2025.

    Germans were enrolled actively over the last two years with Saudi counterparts on hydrogen discussions. NEOM has already a team of Germans leading its hydrogen unit, with Peter Terium, a Dutch energy executive and former Chief Executive Officer of innogy and RWE, as head of its energy sector.

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