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MENA Holdings & Renewable Innovations Partner For Green Hydrogen | |
| Sumita Pawar |
Renewable Innovations, a leader in the green alternative fuel industry, has signed an agreement with MENA Holdings to establish an assembly facility in Saudi Arabia to build hydrogen fuel cell products for distribution in the Middle East and North Africa.
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MENA Holdings has expressed significant interest in hydrogen in the region, with substantial funding available for this market.
Renewable Innovations products are expected to be a source of power generation from green hydrogen production. Under the joint venture agreement, former Utah Governor Gary Herbert, a partner of MENA Holdings, will serve as an advisor to Renewable Innovations, while Abdulrahman Alnasri, a partner of MENA Holdings, will play a strategic role in funding the joint venture.
The joint venture will take advantage of MENA Holdings' established contacts in the Middle East and the growing interest in hydrogen in these markets. Assembling hydrogen fuel cell products in Saudi Arabia will be a significant advantage in Saudi and regional markets.
"This is a unique opportunity to combine the talents of two local Utah companies to introduce our products into the Middle East and benefit from MENA Holdings’ long-term relationship with key players in the region. In addition to the Middle East connection, the company will receive the added benefit of former Governor Herbert’s experience as an advisor to Renewable Innovations," states Robert Mount, President and CEO of Renewable Innovations.