ACWA Power and Snam Join Forces for Green Hydrogen Supply Chain to Europe
Key Ideas
- ACWA Power and Snam signed an MoU to establish a green hydrogen supply chain from Saudi Arabia to Europe.
- The partnership aims to create a dependable and cost-effective supply of green hydrogen, focusing on the EU's decarbonisation targets.
- The collaboration also includes exploring the development of an ammonia import terminal in Italy to facilitate green hydrogen delivery via the South H2 Corridor.
ACWA Power, a green hydrogen developer in Saudi Arabia, partnered with Snam, a European natural gas operator, to create a green hydrogen supply chain to Europe. The collaboration is set to explore joint investments for establishing an international supply chain of green hydrogen from Saudi Arabia to Europe. Additionally, they plan to assess the development of an ammonia import terminal in Italy to aid in delivering green hydrogen through the South H2 Corridor, reaching central Europe. Marco Arcelli, CEO of ACWA Power, emphasizes the importance of focusing on new low-carbon molecules for sector decarbonization. Stefano Venier, CEO of Snam, highlights the significance of hydrogen in achieving the EU's decarbonisation goals and expresses excitement about advancing in this field through partnerships like the one with ACWA Power. The development of the ammonia import terminal aligns strategically with the South H2 Corridor project, showcasing a comprehensive approach to advancing green hydrogen technology for a sustainable future.
Topics
Green Hydrogen
Infrastructure
Investment
Energy Sector
Partnership
Technology Advancement
EU Decarbonisation
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