Prince Abdulaziz bin Salman, the energy minister for Saudi Arabia, met with Grant Shapps, the secretary of state for business, energy, and industrial strategy, on Thursday in Riyadh.

Through a memorandum of collaboration that was signed by the governments of both kingdoms, the two sides spoke about the potential for bilateral cooperation in various energy fields and future chances in the sector.

Two ministers “discussed prospects for cooperation in the field of clean hydrogen, the development, and localization of technologies related to carbon capture, transportation, and storage, the exchange of expertise, and the development of relevant regulations and policies.”

They also discussed enhancing collaboration in petrochemicals, power plants, renewable energy, and localizing energy-related components.

Shapps and Prince Abdulaziz expressed optimism that businesses from both sides would take part in carrying out many of the projects.

The gathering took place in conjunction with the Future Minerals Forum, which took place from January 10 to 12 in the Saudi capital.