KSA is partnering with Engie for the production + export of green hydrogen: French energy firm Engie signed an MoU with Saudi Arabia’s Public Investment Fund (PIF) for the joint development of green hydrogen projects and its derivatives in the kingdom, a company statement said on Thursday. The green hydrogen will be planned for export to foreign markets as the country hopes to become one of the top global exporters of the green fuel.

What’s next? PIF and Engie will evaluate the feasibility of co-developing the production facilities, and will together formulate an export strategy to secure offtake arrangements. No financial details on investments nor a timeline for the launch of projects have been disclosed.

Engie wants in on green hydrogen investments in the region: Engie owns a 25% stake in an international consortium selected by Oman’s state-owned hydrogen company Hydrom last month for the development of a USD 6.7 bn green hydrogen plant in Duqm — said to become the largest in the world. The group is seeking new hydrogen projects in Saudi Arabia, the UAE, and Oman as the group’s senior VP of hydrogen for Asia, the Middle East, and Africa Stephan Gobert told The National in May. Engie signed an agreement with Fertiglobe in 2022 to study co-developing a “globally cost-competitive” 200 MW green hydrogen facility in the UAE to back the production of green ammonia, which Fertiglobe CEO Ahmed El Hoshy suggested recently would be a 100-200 MW green hydrogen project in Abu Dhabi.