Japan-based energy company JERA will explore the potential development of green hydrogen and derivatives projects with Saudi Arabia’s Public Investment Fund (PIF).
Having signed a Memorandum of Understanding (MoU), the partners aim to leverage the resources and capabilities of each party in the joint development of projects for green hydrogen derivatives including ammonia, mainly for exports from Saudi Arabia.
JERA’s footprint in the MENA region was firmly established after it set up its JERA Middle East & Africa Management Company in Dubai, UAE, with a view of developing combined cycle power plant, large-scale renewable energy projects and green fuel production projects.
Equipped with a range of gas-fired power and desalination projects in the GCC region, JERA is actively seeking potential partners in the Middle East to expand its development of decarbonisation projects.
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