RIYADH: Saudi utility giant Acwa has received an exclusive government mandate to export green hydrogen and its derivatives produced in the Kingdom to international markets, including green ammonia, green methanol and green fuels.
In a statement, Acwa said the mandate positions the company as a key player in advancing Saudi Arabia’s strategy to become a global leader in clean energy exports.
The government approval supports the Kingdom’s strategic objective of establishing itself as a global leader in clean energy exports and accelerating the development of a diversified, low-carbon economy under Vision 2030.
At the heart of this mission lies Neom Green Hydrogen Co., through which the Kingdom aims to become a leading producer and exporter of green hydrogen. The company, a joint venture between Acwa, Neom and Air Products, is expected to produce up to 600 tonnes of carbon-free hydrogen per day by the end of 2026.
Samir Serhan, CEO at Acwa, said: “This government approval reflects the Kingdom’s confidence in Acwa’s ability to deliver strategic infrastructure at scale and reinforces our responsibility to help position Saudi Arabia as a leading global exporter of clean energy.”
