Japan's Marubeni Corp. and Saudi Arabia's Public Investment Fund (PIF) are collaborating to explore clean hydrogen production in Saudi Arabia. As part of Saudi Arabia's strategy to diversify its economy and reduce dependence on oil, the country aims to introduce cleaner fuels and renewables. The partnership between Marubeni and PIF involves a feasibility study for producing clean hydrogen for both domestic use and international markets. The establishment of NEOM Green Hydrogen Company (NGHC) in Saudi Arabia's NEOM is a significant step towards sustainable solutions, focusing on tackling global challenges like climate change. NGHC plans to start producing green hydrogen using renewable energy sources by 2026, with a capacity of 1.2 million tons of green ammonia annually. This initiative positions NEOM as a hub for advanced and clean industries, supported by cutting-edge infrastructure. Concurrently, Saudi Aramco, a major oil company, has shown interest in hybrid powertrain technologies by considering a minority stake in a new venture with Geely and Renault Group. This move reflects a broader trend towards investing in environmentally friendly technologies and signifies a shift in the energy landscape.