The Public Investment Fund of Saudi Arabia is launching a new hydrogen firm that will act as a middleman in several of the PIF’s programs.
Governor Yasir Al-Rumayyan stated the sovereign wealth fund expects to generate 70% of renewable energy objectives under Vision 2030, speaking at a regional summit on ESG held by the Future Investment Initiative in London.
The fund owns firms like NEOM and Aramco that are already generating hydrogen.
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