Saudi Arabia and Germany have signed a memorandum of understanding (MoU) for the production and use of hydrogen.
The MoU was signed during a virtual session by Saudi Arabia’s Minister of Energy and Germany’s Minister for Economic Affairs and Energy.
As per the statement, the agreement is aimed at the strengthening of German-Saudi cooperation in the field of clean hydrogen fuel generation, processing, use, transportation, and joint marketing, through the participation of the relevant authorities from research institutions, and institutions of the public and private sectors, to implement the required activities.
The energy partnership is an extension of the bilateral cooperation within the existing Saudi-German dialogue on energy and it seeks to implement the goals of the Paris Agreement on climate change, especially with regard to reducing emissions of greenhouse gases.
“The potential of hydrogen was never unknown, but now it has become a part of the strategic energy thinking because hydrogen is one of the most important future fuels,” the Saudi energy minister said.
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