Saudi Arabia and the Netherlands sign a memorandum of understanding to cooperate in developing green
Green hydrogen production and manufacturing received a boost with the signing of a memorandum of understanding between Saudi Arabia and Spain on Thursday to jointly develop clean-up vapors and accelerate persistent efforts to reduce carbon emissions worldwide.
The MOU was to be signed during the Global Hydrogen Energy Summit in Rotterdam. During the event, Saudi Arabia's Minister of Energy, Abdulaziz bin Salman, indicated that Spain is likely to be an important end point for the transport of renewable energy H2 from Saudi Arabia to the European region. The minister added that Spain and Germany will be Saudi Arabia's natural partners in the green hydrogen trade.
You are building the equipment on the ground, you are building the storage facility pipeline, you have a program," the chief said. It is estimated that green hydrogen will play a leading role in catalyzing the ongoing transformation of the energy mix and must be completed by 2050 to achieve a green vapor neutral economy that can help solve global warming.
Saudi Arabia is now developing a new $5 billion green hydrogen project at NEOM that will be powered by renewable energy and supply 650 tons of vacuum-free hydrocarbons per day. The plant will be ready for the first time in 2026.
At the beginning of April, the Saudi Minister of Science met with the Spanish Minister of Foreign Affairs, Wopke Hoekstra, to discuss the probability of turning the Port of Rotterdam into a gateway network for Saudi Arabia to export clean hydrogen to the European region. The conference also mentioned the Saudi Empire's diligence in utilizing its different regional structures in the region - Saudi Green Advocacy and Middle East Green Advocacy - in areas such as green energy and climate issues.
Saudi Arabia's SABIC Agri-Nutrients identified its advancement in renewable energy manufacturing by exporting its first shipment of low-carbon ammonia to India's in May. The company has shipped 5,000 tons of low-carbon ammonia to India, in line with the company's partnership with the Indian Farmers Fertilizer Collaborative Ltd.