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PIF ties up with Korean groups to build green hydrogen plant
The tripartite agreement was signed on the sidelines of the
The MoU included the implementation of feasibility studies to develop a green hydrogen production project in
The cooperation among the parties is in line with the kingdom’s strategy to adopt a leading role in the economy based on carbon recycling, and to support international efforts to build a more sustainable future by reducing carbon emissions, it added.
On the key agreement,
"Undoubtedly, the PIF plays a vital role in achieving the kingdom's target via reaching zero neutrality by 2060," he stated after signing the deal with
The signing ceremony was attended by
Both
It aims to produce up to 7 million tons of hydrogen in 2050, and is currently targeting a production of half a million tonnes with investments of
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