Acwa Power Enters into MOU with Snam for Green Hydrogen, Ammonia

Business Collaboration Acwa Power Enters into MOU with Snam for Green Hydrogen, Ammonia

2025-01-29 Source: Press release Acwa Power 2 min Reading Time

Related Vendors

EDL Anlagenbau Gesellschaft mbH

Italvacuum, Srl

Angst+Pfister AG

Under a MOU signed between Acwa Power and Snam, both the companies will explore collaboration and joint investments to establish a supply chain of green hydrogen from Saudi Arabia to Europe. The companies will also evaluate the development of an ammonia import terminal to facilitate the delivery of green hydrogen from Saudi Arabia to Italy, Austria, and Germany.

Acwa Power has signed a MOU with Snam to explore collaboration and joint investments to establish a supply chain of green hydrogen from Saudi Arabia to Europe.(Source: Pcess609 - stock.adobe.com) — Acwa Power has signed a MOU with Snam to explore collaboration and joint investments to establish a supply chain of green hydrogen from Saudi Arabia to Europe.
(Source: Pcess609 - stock.adobe.com)

Riyadh/Saudi Arabia – Acwa Power, a Saudi-listed company renowned for being the world's largest private water desalination company, a pioneer in the energy transition, and a first mover in green hydrogen, has signed a memorandum of understanding (MOU) with Snam to explore collaboration and joint investments to establish a supply chain of green hydrogen to Europe.

Snam, a leading European operator in natural gas transportation, storage, and regasification, aims at building a pan-European multi-molecule infrastructure, advancing energy security and the transition to Net Zero. Acwa Power serves as a developer, investor, and operator of green hydrogen and green ammonia production facilities in the Kingdom of Saudi Arabia.

Stay up to Date

Do you want the latest news, specialist articles and information on new products? Then you can register for our free newsletter:

Choose your Newsletter

This partnership will involve exploring potential collaboration and joint investments aimed at establishing an international supply chain for a dependable and cost-effective supply of green hydrogen from Saudi Arabia to Europe and evaluating the development of an ammonia import terminal in Italy to facilitate the delivery of green hydrogen through the South H2 Corridor, the 3,300km long corridor reaching central Europe through Italy, Austria and Germany.

“We are excited to join forces with Snam to drive significant advancements in the green hydrogen sector. With power sector emissions already down 40 % compared to 20 years ago, we now need to focus our collective efforts on new, low carbon molecules to decarbonize our sectors. Bringing our expertise together will help accelerate this process,” shares Marco Arcelli, Chief Executive Officer of Acwa Power.

From his side, Stefano Venier, the Chief Executive Officer of Snam, stated: “The EU’s ambitious decarbonization targets need decisive action across all manufacturing sectors, utilizing all available technologies in a practical, efficient and accelerated manner. Hydrogen plays a key-role here, and we are glad to pursue development opportunities in this field also through agreements like the one we signed with Acwa Power: the development of the ammonia import terminal is synergic with that of the South H2 Corridor.”

(ID:50302685)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.