PIF and JERA to explore opportunities for green hydrogen projects

The Memorandum of Understanding (MoU) between Japan’s energy major JERA and Saudi Arabia’s Public Investment Fund (PIF) is expected to create valuable synergies by combining their resources and capabilities to jointly develop projects focused on green hydrogen derivatives, particularly ammonia, for export from Saudi Arabia. Additionally, this partnership will open up new business opportunities for both entities.

JERA has already established JERA Middle East & Africa Management in Dubai, UAE, with the aim of developing combined cycle power plants, large-scale renewable energy projects, and green fuel production ventures. The company is actively exploring decarbonisation projects in the GCC region and seeking potential partners in the Middle East for further expansion.

PIF will be playing a role in advancing Saudi Arabia’s economic transformation as part of its longer-term diversification strategy, actively developing projects that support the delivery of Saudi Arabia’s net zero target by 2060 through investments across sectors, including green hydrogen, renewable energy, energy efficiency and waste management.

JERA views the Middle East & Africa regions as promising production bases for green hydrogen and ammonia. To achieve its JERA Zero CO2 Emissions 2050 objective, the company will collaborate with leading companies in Japan and abroad to establish and expand hydrogen and ammonia supply chains, thereby contributing to global decarbonisation and energy solutions.

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