Saudi Arabia Refineries Company (SARCO) has signed a non-binding memorandum of understanding with UAE-based Go Energy to explore a green hydrogen (ammonia) project in the Kingdom, according to SARCO’s statement to the Saudi stock exchange.
The partners will carry out a joint study for the proposed project and develop a legal framework to guide their cooperation, SARCO said. The MoU takes effect on 11 October 2025 and will remain in force for one year unless amended in writing, according to the filing.
SARCO noted there are no immediate financial commitments tied to the agreement. The partnership aligns with its strategy to broaden energy-related services through specialized alliances.
Go Energy Group, based in Umm Al Quwain, invests across multiple sectors, including renewable energy and green hydrogen, according to the company’s website.
In summary, the MoU sets the stage for feasibility work and governance planning without financial obligations at this stage, positioning both firms to advance potential green hydrogen development in Saudi Arabia.
