Saudi Arabia and the Netherlands signed a memorandum of understanding to collaborate on the development of green energy and hydrogen.
The Netherlands could be the main destination for the transport of hydrogen derived from renewable energy sources from Saudi Arabia to Europe, Saudi energy minister Prince Abdulaziz bin Salman said at the World Hydrogen Summit in Rotterdam.
Hydrogen has different resources including natural gas, nuclear power, biogas and solar and wind energies. The world’s challenge now is to produce mass production of hydrogen and replace it with gas in our homes and businesses.
The World Hydrogen Summit in Rotterdam hosted 8000 decision-makers, Energy Ministers, and CEOs from over 100 countries, it’s a truly global gathering of minds where key priorities are set, bold announcements are made and new partnerships are forged.
“Rotterdam would be our hub to Europe,” the prince said, adding the Netherlands and Germany would be Saudi Arabia’s “natural partners” in the green hydrogen trade.
“You are putting facilities on the ground, you are building storages and pipelines, you have a plan,” he added.
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