{"id":76329,"date":"2023-03-06T02:00:11","date_gmt":"2023-03-06T02:00:11","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/06\/japans-marubeni-pif-will-explore-setting-up-a-green-hydrogen-plant-in-ksa\/"},"modified":"2023-03-06T02:00:11","modified_gmt":"2023-03-06T02:00:11","slug":"japans-marubeni-pif-will-explore-setting-up-a-green-hydrogen-plant-in-ksa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/06\/japans-marubeni-pif-will-explore-setting-up-a-green-hydrogen-plant-in-ksa\/","title":{"rendered":"Japan\u2019s Marubeni, PIF will explore setting up a green hydrogen plant in KSA"},"content":{"rendered":"

<\/a> Marubeni scouts green hydrogen plant with KSA\u2019s PIF: <\/strong>Japanese trading and investment conglomerate Marubeni signed an agreement with Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) to jointly conduct a feasibility study for a green hydrogen production facility in KSA, according to a company statement<\/a> released last week. The location, timeframe, and financials of the project have not been disclosed, but Marubeni noted that it would eye exporting some of the green hydrogen to international markets.<\/p>\n

They\u2019re already active in Oman:<\/strong> Marubeni is the largest developer in a consortium working on a USD 1 bn green ammonia SalalaH2 project<\/a> in Oman. The plant \u2014 powered by clean energy projects totalling 4 GW \u2014 will have a generational capacity of 1k tons per day and is set to become commercially operational<\/a> by 1Q 2028.<\/p>\n

GCC and MENA have been on Marubeni\u2019s radar for some time:<\/strong> The conglomerate signed an agreement with UAE\u2019s Masdar and Egypt\u2019s Elsewedy Electric to build wind farms<\/a> generating 700 MW in Egypt at an investment ticket of USD 900 mn in 2018. In 2021, it partnered with the Abu Dhabi National Energy Company (Taqa) to develop<\/a> a greenfield industrial steam, water and electric cogeneration plant and seawater desalination plant for Saudi Arabian energy giant Aramco. Earlier this year, it announced a partnership agreement<\/a> with Siemens Energy, TotalEnergies, and the UAE\u2019s Masdar that will see them collaborate on obtaining licenses certifying the feasibility of producing sustainable aviation fuel from methanol gas. More recently, Marubeni recently entered into an agreement<\/a> with Saudi Arabia\u2019s Ajlan & Bros for Trading and Qatar\u2019s United District Energy International to set up a district cooling joint venture in KSA.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marubeni scouts green hydrogen plant with KSA\u2019s PIF: Japanese trading and investment conglomerate Marubeni signed an agreement with Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) to jointly conduct a feasibility study for a green hydrogen production facility in KSA, according to a company statement released last week. The location, timeframe, and financials […]<\/p>\n","protected":false},"author":1,"featured_media":76330,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[269],"tags":[11,39,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-hydrogen","tag-enterpriseclimate","tag-green-hydrogen","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"e6e6da7a-76b2-4b7b-8e02-b4cfcfde0d3c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/green-hydrogen-1600x.jpg","photo_position":"above","related_issue":[76319],"teaser":"","voice_url":""},"yoast_head":"\nJapan\u2019s Marubeni, PIF will explore setting up a green hydrogen plant in KSA - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/06\/japans-marubeni-pif-will-explore-setting-up-a-green-hydrogen-plant-in-ksa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan\u2019s Marubeni, PIF will explore setting up a green hydrogen plant in KSA\" \/>\n<meta property=\"og:description\" content=\"Marubeni scouts green hydrogen plant with KSA\u2019s PIF: Japanese trading and investment conglomerate Marubeni signed an agreement with Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) to jointly conduct a feasibility study for a green hydrogen production facility in KSA, according to a company statement released last week. 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