ACWA Power, a prominent Saudi-listed company focusing on water desalination and energy transition, has ventured into green hydrogen production and signed a memorandum of understanding (MoU) with Snam, a key European natural gas operator. This partnership aims to explore collaboration and joint investments to establish a supply chain for green hydrogen from Saudi Arabia to Europe. ACWA Power, acting as a developer, investor, and operator of green hydrogen and green ammonia facilities in Saudi Arabia, will work with Snam to enable the delivery of green hydrogen through the South H2 Corridor, a corridor spanning 3,300km and connecting to central Europe. Snam's objective of building a pan-European multi-molecule infrastructure aligns with the goal of advancing energy security and achieving a Net Zero future. The potential development of an ammonia import terminal in Italy underscores the commitment to facilitating the transportation of green hydrogen to European markets efficiently. This collaboration signifies a significant step towards establishing a dependable and cost-effective international supply chain for green hydrogen and green ammonia, contributing to the transition to sustainable energy sources in Europe.