Is there a KSA-EU green hydrogen corridor in the pipeline?
Saudi Arabia and the Netherlands inked an agreement to increase cooperation in renewable energy and green hydrogen production, the Saudi Press Agency reported on Friday. The agreement also aims to link both countries’ supply chains on climate-focused tech, the news agency notes.
Plans to establish KSA-EU green hydrogen corridor: Under the agreement, Saudi Arabia will establish a green hydrogen corridor to Europe with the Netherlands facilitating the entry of green fuels produced in the kingdom to the continent, Reuters reported on Thursday.
Saudi Arabia has big export plans: KSA’s Acwa Power signed an MoU with Austrian utilities firm Verbund in January to explore the establishment of green hydrogen plants in MENA, with an eye on exporting the green fuel to Central Europe. 100% of the green hydrogen produced in the USD 8.5 bn mega green hydrogen plant in Neom will be also available for export, with project co-developer US-based Air Products looking to earmark a sizable portion of Neom’s green fuels for Germany. Greece has also been exploring green hydrogen imports from Saudi’s Neom, with plans to lay a cable connecting Saudi to Europe.
More green hydrogen export corridors coming: Earlier this month, German hydrogen logistics firm Hydrogenious LOHC Technologies and Australia-based renewables firm CWP Global agreed to conduct a feasibility study on a green hydrogen transport chain from Morocco to Europe.