Sectors involve green hydrogen, water desalination and R&D
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed strategic agreements with six Italian partners at the recently concluded Saudi-Italian Investment Forum in Milan to bolster cooperation in the fields of green hydrogen, water desalination, and research and development.
The six Italian entities include the small, medium and large enterprises federation Confindustria, major energy firm Eni, utility and waste management firm A2A, industrial solutions provider Industrie De Nora, specialty additives manufacturer Italmatch Chemicals and classification and engineering solutions provider RINA.
“We have the ambition to make ACWA Power a vehicle to create transformative opportunities for Italian and European enterprises in Saudi Arabia and to drive sustainable progress in Italy and Europe by supplying green hydrogen and technical expertise,” stated Marco Arcelli, CEO, ACWA Power.
Potential for development
Confindustria and its associates will assess with ACWA Power the potential for developments of green hydrogen and water desalination projects, including the identification of suitable contractors and suppliers, research and development (R&D), and long-term supply and manufacturing partnerships.
Eni and ACWA Power will investigate cooperation in green hydrogen, renewables and research and development in innovative, sustainable technologies. A2A and ACWA Power will assess the potential for green hydrogen projects in their areas of mutual interest, and green hydrogen imports in Italy. RINA and ACWA Power will investigate potential use of green hydrogen and its derivatives in sea-borne shipping.
The Saudi-Italian Investment Forum is jointly hosted by Saudi Arabia’s Ministry of Investment (MISA), Italy’s Ministry of Enterprises and Made in Italy.
