Acwa inks deal to establish ammonia export corridor from Saudi Arabia to Germany

RIYADH: Saudi utility giant Acwa has signed a memorandum of understanding with Energie Baden-Wrttemberg AG, Rostock Port, and Verbundnetz Gas AG to establish an ammonia export corridor from the Kingdom to Germany.

According to a press statement, the signing ceremony was witnessed by Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, and Germany’s Minister for Economic Affairs and Energy, Katherina Reiche.

Under the deal, the new corridor will extend green ammonia from its project in Yanbu to Germany’s Rostock Port. Later, VNG will convert ammonia to green hydrogen and will be injected into the European country’s national core network.

The development aligns with Acwa’s expansion strategy, as the company aims to establish itself as a key global player in the renewable energy sector.

Commenting on the latest deal, Marco Arcelli, CEO of Acwa, said: “The signing of this memorandum of understanding is an important move for all partners involved. By working together with Acwa, Rostock Port, and VNG, we are taking a step toward building a reliable green ammonia corridor from Saudi Arabia to Germany.”