KSA’s PIF and Japan’s Jera partner on green hydrogen production: Saudi sovereign wealth fund the Public Investment Fund (PIF) signed an MoU with Japanese power generation company Jera to explore producing green hydrogen and its derivatives, according to a statement released on Thursday.

The details: Under the agreement, both parties would conduct the necessary feasibility studies for green hydrogen production projects and their derivatives — which could include green ammonia, green methanol, and e-fuels — for both domestic and international markets, the statement notes.

Jera is also building other partnerships in the region: The company signed a strategic collaboration agreement with the UAE’s Adnoc in a bid to increase cooperation in the green hydrogen production sector, according to another statement. Back in February, Jera inked an agreement with Abu Dhabi National Energy Company (Taqa) to explore the feasibility of low-carbon green hydrogen and thermal energy production projects in MENA. Earlier in January, the company signed an MoU with UAE renewables company Masdar to explore joint hydrogen production potential.

Tags: