SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
(Energy and Industry)
Filter PR by
  
ENGIE and PIF Sign MoU to Jointly Develop Hydrogen Projects in Saudi Arabia
 
ENGIE and PIF Sign MoU to Jointly Develop Hydrogen Projects in Saudi Arabia

Riyadh, Saudi Arabia, July 13, 2023: ENGIE, the leading provider of low-carbon energy services and solutions for integrated utilities management, has signed a memorandum of understanding (MoU) with the Public Investment Fund (PIF) for the joint development of green hydrogen projects and its derivatives in Saudi Arabia, exploring opportunities that contribute to enhancing the energy transition within the objectives of the Saudi vision 2030.

The MoU was signed by Frederic Claux, Managing Director, Flexible Generation and Retail, AMEA from ENGIE and Yazeed Alhumied, Deputy Governor and Head of MENA Investments from PIF, paving the way for the two parties to explore opportunities to jointly develop projects for green hydrogen and derivatives production for export. 

Frédéric Claux said,” The MoU between ENGIE and PIF will foster strategic partnership in developing green hydrogen projects in the Kingdom.”

“We, at ENGIE, are proud to contribute to driving the energy transition in the Kingdom and achieving its aspirations and goals in the green hydrogen sector. Our partnership with PIF will contribute to laying robust foundations for the green hydrogen industry, enabling the Kingdom to be one of the top exporters of green hydrogen worldwide,” Claux added.

PIF and ENGIE are to evaluate the feasibility of co-development opportunity. Additionally, the two parties will jointly formulate a strategy to best approach the international market and secure offtake arrangements.
 .

The MoU will enable ENGIE to work closely with PIF in Saudi Arabia in diversifying the Kingdom’s economy and to strengthen its global competitiveness in producing and supplying hydrogen and derivatives.


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 108238 times
PR Category : Energy and Industry
Posted on : Thursday, July 13, 2023  11:58:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : Saudi Hunts for Critical Minerals in Energy Transition
Next Story : ACWA Power and Energy China Group Corporation Sign an EPC Co...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip Lacquer! [39387-Views]
POCO Sets New Standard with Global Launch of F-Series in Dubai [31958-Views]
Unleash Your Inner Royalty with "Call me Queen" Dramatic False Lash Effect Mascara by esse... [31557-Views]
Panasonic Announces FY24 Business Strategy For Sustained Growth in Middle East and Africa [28705-Views]
Last-Minute Eid Shopping With Max Fashion's New Collection [24841-Views]
Hunger Hotspots Report: Famine Looms In Gaza While Risk Of Starvation Persists In Sudan, Haiti, Mali... [24798-Views]
Ajmal Perfumes Unveils Eau D'Oud- A New Standard of Elegance and Luxury [24768-Views]
WFP News Video: WFP Warns Unprecedented Drought and Floods Causing Surge in Climate Related Hunger [23475-Views]
Urgent Call To Action To Address Historic El Niño Drought In Southern Africa [23316-Views]
Air Cargo Demand Continues Strong Growth into Q2 [22200-Views]
Catrice's drops new summer favorites: Slim Eye Shadow Palettes and Kohl Kajal! [21989-Views]
IATA SAF Registry [20906-Views]
Get Ready to have your Summer glow-up with essence Cosmetics' summer collection 2024 [20360-Views]
Amouage presents Rare Is The Rose, a poetic and cinematic tribute to the Omani Rock Rose [18310-Views]
Cathay Pacific to launch direct flights connecting Hong Kong and Riyadh [18150-Views]
Cigna Healthcare Names Leah Cotterill Middle East and Africa CEO, outside KSA [17662-Views]
Sudan is Facing an Unprecedented Hunger Catastrophe, Say UN Agency Chiefs [16661-Views]
Dubai Civil Aviation Authority participated in Future Aviation Forum in Riyadh [16184-Views]
Porsche Becomes Third Major Manufacturer To Commit To Formula E's Gen4 Era Until At Least 2030 [16096-Views]
Celebrate Weekends With Shang Palace's Exquisite Weekend Brunch [15425-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories