Saudi Arabia is advancing its green hydrogen ambitions through a new partnership between Saudi Arabia Refineries Co. and UAE-based Go Energy. The two companies signed a non-binding memorandum of understanding to explore a green hydrogen and ammonia project. They will jointly conduct a feasibility study and design a legal framework to support their collaboration. The MoU is initially valid for one year but can be extended by mutual agreement.
This agreement aligns closely with Saudi Arabia’s strategy to generate 50 percent of its electricity from renewable sources by 2030. The Kingdom also aims to become the world’s largest exporter of green hydrogen, targeting annual production of 1.2 million tonnes. Analysts note that Saudi Arabia green hydrogen is central to the country’s broader National Renewable Energy Program, which seeks to diversify energy resources and reduce fossil fuel dependence.
SARCO emphasized that the agreement has no immediate financial implications and involves no related parties. The collaboration reflects the company’s ongoing strategy to expand services through specialized energy partnerships. Green hydrogen, produced via electrolysis powered by renewable energy, emits no greenhouse gases, making it a critical solution for global carbon reduction.
Saudi Arabia invests heavily in hydrogen as part of its net-zero emissions target by 2060. Companies like Saudi Aramco and ACWA Power lead multiple initiatives in both green and blue hydrogen, demonstrating the Kingdom’s commitment to energy transition. Furthermore, Saudi Arabia is constructing the world’s largest green hydrogen facility in NEOM, expected to be operational soon. This project underlines the nation’s determination to secure a leading role in the global clean energy market.
ACWA Power has also signed agreements to export renewable electricity and green hydrogen to European markets, reinforcing Saudi Arabia’s ambition to become a global clean energy hub. Observers highlight that Saudi Arabia green hydrogen initiatives attract international investors and strengthen energy partnerships across the region.
The partnership with Go Energy demonstrates the Kingdom’s focus on strategic collaborations. Companies can share technology, expertise, and investment capabilities to scale up green hydrogen production efficiently. Moreover, these projects will create new job opportunities in renewable energy sectors, further supporting Saudi Arabia’s Vision 2030 objectives.
Looking ahead, analysts expect the country to continue expanding its hydrogen capacity while integrating new technologies. Regulatory frameworks and international partnerships will accelerate project execution. Meanwhile, ongoing investments in infrastructure and renewable power generation will reinforce the Kingdom’s leadership in green hydrogen. Clearly, Saudi Arabia green hydrogen remains a cornerstone of the Kingdom’s sustainable energy transformation.
