ACWA Power and Snam have signed a Memorandum of Understanding (MoU) to collaborate on the development of green hydrogen and ammonia projects.
The collaboration between ACWA Power and Snam aims to leverage their combined expertise in renewable energy development and infrastructure. ACWA Power has a strong track record in deploying renewable energy projects, while Snam specializes in developing energy infrastructure, including pipelines and storage facilities.
Through this MoU, ACWA Power and Snam will explore opportunities to develop integrated projects that encompass the production, transportation, and utilization of green hydrogen and ammonia. These projects have the potential to play a crucial role in decarbonizing industries such as steel, chemicals, and transport, where reducing carbon emissions remains a significant challenge.
As green hydrogen and ammonia development progresses, they could become critical elements of the global energy landscape. Their environmental benefits and potential applications make them attractive options for countries seeking to meet emission reduction targets.
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