Saudi Arabia and Canada are to target opportunities in hydrogen and carbon capture and storage (CCS).
Canada Prime Minister Mark Carney and Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, signed two memoranda of understanding covering energy and AI and set up a Canada-Saudi Arabia Coordination Council.
Canada has pioneered CCS technology, storing over 50 million tonnes of CO₂. It can share decades of operational experience, particularly in capturing from fossil fuels to create blue hydrogen, building transport networks, and navigating government policies.
In turn, KSA is developing the multi-billion dollar Neom Green Hydrogen project, which will produce 600 tonnes per day of clean hydrogen. Canada can learn how to manage and scale massive, integrated renewable-to-hydrogen supply chains from this model.
Saudi Arabia also operates the Uthmaniyah CO2-EOR project which captures and utilises natural gas processing emissions.
Canada, which is heavily focused on blue hydrogen in provinces such as Alberta, can learn from Saudi’s methods for capturing process emissions and integrating them into subsurface storage.
State-owned power and desalination major Acwa recently announced Saudi Arabia has granted it exclusive rights to export green hydrogen and derivatives produced in the country.
Yara International announced it will not proceed with the acquisition of the ammonia assets in the Louisiana Clean Energy Complex from Air Products.
But it confirmed it is finalising a marketing and distribution agreement with Air Products for renewable ammonia from Neom.
