Saudi Arabia and Germany have signed a Memorandum of Understanding (MoU) for the production of hydrogen, the Kingdom’s Energy Minister Prince Abdulaziz bin Salman announced on Thursday.The MoU was signed on Thursday during a virtual session with the Saudi Arabian Energy Minister and his German counterpart Peter Altmaier, Germany’s Federal Minister of Germany for Economic Affairs and Energy.For all the latest headlines follow our Google News channel online or via the app.“We have abundant energy sources to produce green and blue hydrogen and the resources to lead the world in hydrogen production,” Prince Abdulaziz bin Salman said.Saudi Arabia, the world’s biggest oil exporter, has been setting its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change.Saudi Arabia has “ambitious plans and “will not be challenged in its record of being the biggest exporter of hydrogen on earth, Energy Minister Prince Abdulaziz bin Salman said at a news briefing in Riyadh last November.The kingdom’s large natural gas reserves enable it to produce blue hydrogen, he said, referring to a form of the fuel that’s made when gas is reformed and the carbon dioxide byproduct is captured. In September, the country shipped the world’s first cargo of blue hydrogen, which was converted into ammonia, to Japan.(With inputs from Bloomberg)
Source: Al Arabiya
Full Article: Saudi Arabia, Germany sign MoU to produce hydrogen
