ACWA Power and SINOPEC Collaboration in Green Hydrogen and Ammonia Production
Key Ideas
- ACWA Power and SINOPEC sign an MoU to explore opportunities in global green hydrogen and ammonia projects worldwide.
- ACWA Power partners with ITOCHU Corporation to develop and export green ammonia from Egypt and green hydrogen from Tunisia for European markets.
- The companies aim to strengthen their relationship to enhance technology solutions and expand their cooperation in the energy sector.
- ACWA Power is involved in various green hydrogen projects globally, including in Saudi Arabia, Uzbekistan, and Indonesia.
ACWA Power, a Saudi-based company, has signed a memorandum of understanding with China's SINOPEC Guangzhou Engineering Co., Ltd. The agreement focuses on collaborating in the production of green hydrogen and ammonia on a global scale. The partnership aims to explore and develop projects worldwide while enhancing technology solutions. ACWA Power's recent agreements with ITOCHU Corporation and the Tunisian government highlight their commitment to producing green ammonia and hydrogen for export. In addition to these projects, ACWA Power is part of the NEOM green hydrogen initiative in Saudi Arabia and is also engaged in projects in Uzbekistan and Indonesia. The collaboration signifies a deepening relationship between ACWA Power and SINOPEC, with a focus on advancing sustainable energy solutions globally.