Saudi Arabia and Netherlands sign MoU to collaborate on green energy

Green hydrogen production has received a boost as Saudi Arabia signed a memorandum of understanding with the Netherlands to cooperate in developing the clean gas and expediting the global pursuit to reduce the carbon footprint. 

The MoU was signed on the sidelines of the World Hydrogen Summit in Rotterdam. 

During the event, Abdulaziz bin Salman, Saudi Arabia’s energy minister, said that the Netherlands could be the primary destination for transporting hydrogen from renewable energy sources from the Kingdom to Europe. 

Green hydrogen is expected to play a crucial role in catalyzing the ongoing energy transition, and it is necessary to achieve a green gas-neutral economy by 2050, helping to combat global warming.