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Saudi Arabia and Japan signs MOC on Sustainable growth | |
| Sumita Pawar |
Last weekend, Saudi Arabia and Japan signed a memorandum of cooperation (MoC) in the fields of the circular carbon economy, carbon recycling, clean hydrogen, and fuel ammonia.
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According to the report, the two countries will accelerate the use of hydrogen in transport, promote research and development of hydrogen and fuel ammonia technologies, and their use at the local, bilateral, regional, and international levels.
The MoC was signed by Energy Minister Prince Abdulaziz Bin Salman and Japanese Industry Minister Yasutoshi Nishimura, who is visiting the Kingdom currently.
Saudi Arabia accounts for close to 40 percent of Japan's crude oil imports as the largest supplier, stated the report.
The two countries will also explore the possibility of conducting a joint study or pilot project that accelerates the deployment of such technologies as direct air capture, carbon capture, utilization, and storage (CCUS)/carbon recycling, and low-carbon fuels such as e-fuel, gaseous fuels, methane, and fuels derived from CO2 and methanol, concludes the report.
By Sumita Pawar