ACWA Power and Port of Amsterdam explore green hydrogen export to Europe

The Netherlands – ACWA Power, in partnership with Zenith Energy Terminals, GasLog, and the Port of Amsterdam, aims to explore the viability of exporting green hydrogen from its global production sites to Europe.

The memorandum of understanding (MoU) signed during the Saudi-EU Investment Forum in Riyadh lays the foundation for this initiative. The agreement aligns with a prior understanding between Saudi Arabia and the Netherlands, focusing on cooperation in clean hydrogen, marine transport technologies, standards, certification, and the establishment of efficient international supply chains.

Collaboration

Under the MoU, ACWA Power, Zenith Energy Terminals, and GasLog will conduct a detailed feasibility study to establish a trade corridor for liquefied green hydrogen between ACWA Power’s production sites and the Port of Amsterdam. This collaboration may lead to a Joint Development Agreement (JDA), defining roles and responsibilities and engaging with potential customers in the Amsterdam region.

Part of ACWA Power’s green hydrogen production will be allocated for export, with a strong emphasis on the European market. The company’s expertise in green hydrogen production is poised to contribute to the global energy transition, aligning with international efforts to reduce emissions and promote clean energy.

Partners commitment

The Port of Amsterdam, a global energy hub, is actively pursuing green hydrogen capabilities. It aims to play a crucial role in energy transition and establish import corridors to serve as a gateway to Europe.

Zenith Energy Terminals, an operator of significant energy storage and distribution facilities in the Port of Amsterdam, is developing an open-access liquid hydrogen import facility. This infrastructure will enable hydrogen producers, like ACWA Power, to access Dutch and European hydrogen markets.

GasLog, a prominent global provider of liquefied natural gas (LNG) shipping services, is collaborating with Zenith Energy Terminals to develop specialized vessels for the safe and efficient transportation of liquid hydrogen from ACWA Power’s production sites to the Port of Amsterdam.

To promote green hydrogen demand and affordability, the parties are exploring suitable incentive opportunities. The Dutch government has shown strong support for green hydrogen, earmarking EUR 9 billion for its development, with a specific focus on imports.