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NEOM’S CEO shares aim of exporting green hydrogen to Japan

Nadhmi Al-Nasr, CEO of NEOM, has expressed keen interest in directing green hydrogen to Japan and Saudi Arabia is looking to fortify that partnership further. (AFP)
Nadhmi Al-Nasr, CEO of NEOM, has expressed keen interest in directing green hydrogen to Japan and Saudi Arabia is looking to fortify that partnership further. (AFP)
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19 May 2021 10:05:17 GMT9
19 May 2021 10:05:17 GMT9

Arab News Japan

Saudi Arabia’s NEOM, a futuristic $500 billion megacity development, is in the first stages of cooperating with several companies to export green hydrogen to Japan and promote more sustainable energy sources.

Nadhmi Al-Nasr, CEO of NEOM, has expressed keen interest in directing green hydrogen to Japan and Saudi Arabia is looking to fortify that partnership further.  

The main export destination for green hydrogen is Asia, and currently there are plans to cooperate with SoftBank Group’s CEO, Masayoshi Son. There is also an interest to branch out to China as well.

The green hydrogen project is the product of a joint venture and the cost of the project amounts to approximately 6 billion dollars (650 billion yen), Nikkei stated.

This shift to green hydrogen ties into Saudi Arabia’s overarching mission of reducing greenhouse gas emissions by 130 million tons by 2030, according to Nikkei. 

Green hydrogen is hydrogen fuel derived using renewable energy sources as opposed to fossil fuels—a substitute that can help battle the ongoing climate change issue.

In the grander scheme of things, Saudi Arabia is constantly striving to make more conscious energy choices exemplified by major players like Saudi Aramco who remain focused on producing cleaner energy.

Saudi Arabia is also committed to their tree planting initiative by aiming to plant 10 billion trees to help combat global warming and reduce greenhouse gas emissions.

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