ACWA Power and Snam Partner to Establish Green Hydrogen Supply Chain from Saudi Arabia to Europe
Key Ideas
  • ACWA Power and Snam sign MoU to explore collaboration for a green hydrogen supply chain from Saudi Arabia to Europe.
  • The partnership aims to establish an international supply chain for green hydrogen and evaluate an ammonia import terminal in Italy.
  • Both companies emphasize the importance of decarbonization and the role of hydrogen in achieving low carbon emissions in various sectors.
ACWA Power, known for its expertise in water desalination and energy, has partnered with Snam, a major European natural gas operator, to establish a green hydrogen supply chain from Saudi Arabia to Europe. Through this agreement, the companies plan to invest in infrastructure to enable the reliable and cost-effective transportation of green hydrogen. They also aim to assess the development of an ammonia import terminal in Italy to support the delivery of green hydrogen through the South H2 Corridor, reaching central Europe. ACWA Power and Snam highlight the significance of hydrogen in the energy transition towards decarbonization, with a focus on developing low carbon molecules. Both CEOs express enthusiasm for the partnership and emphasize the need for collective efforts to accelerate the decarbonization process in various sectors.
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