Saudi Arabia is actively pursuing hydrogen production to diversify its economy and reduce emissions. The country’s Public Investment Fund plans to allocate $10 billion towards developing green hydrogen, with additional support from Saudi Aramco.
As part of its Vision 2030 initiative, Saudi Arabia aims to generate 50% of its electricity from renewable sources, preparing for a future less dependent on oil. This strategic move could position the nation as a leader in the emerging green hydrogen market.
Seonghoon Woo, CEO of Amogy, a company specializing in carbon-free ammonia technology, notes Saudi Arabia’s commitment to achieving net-zero emissions by 2060. He emphasizes the country’s strong financial resources, petrochemical expertise, and rich renewable energy assets as key factors in its potential to become a major clean hydrogen producer.
