Saudi Arabia inks agreements for renewable energy generation, EVs
KSA signs cooperation agreements with Japan, Turkey and Korea: Saudi Arabia signed a cooperation agreement with Japan in the fields of green hydrogen and clean ammonia generation last week, according to a statement. The agreement will build on the country’s renewables generation capacity to boost green hydrogen production and export potential, the Ministry said on Twitter. The two countries also signed a similar agreement for the co-development of carbon capture tech as part of the kingdom’s efforts to develop its circular carbon economy, KSA’s Energy Ministry said.
KSA also wants to ramp up EV production capacity with help from Hyundai, Arab News reports. KSA signed an MoU with Hyundai Motor Co. for the construction of an electric vehicle and internal combustion engine manufacturing plant in Saudi Arabia. There are no details on the timeline or financials.
IN OTHER CLIMATE DIPLO NEWS- Oman will cooperate with Japan on renewables: The Sultanate’s Energy and Minerals Ministry signed MoUs with Japan on carbon cycling, methanation, and hydrogen production last week, Oman Observer reports. The two countries also extended their 2014 energy resources cooperation agreement to focus on clean energy, crude oil, and natural gas, the news outlet notes.