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The Kingdom of Saudi Arabia and the Republic of France have agreed on a hydrogen road map on 9th July 2023 following the signing of a Memorandum of Understanding between the two countries on the 2nd February 2023.
The joint statement follows a high-level meeting in Riyadh between Saudi Minister of Energy, Prince Abdulaziz bin Salman and French Minister for Energy Transition, Agnes Pannier-Runacher.
The two countries have agreed to strengthen their cooperation in the field of energy with a focus on clean energy from renewable resources. This included agreements to develop cooperative solutions in the fields of clean hydrogen, electricity, nuclear energy and climate technologies and solutions.
To this end, they agreed on hydrogen cooperation and electricity produced from renewable resources roadmap focusing on three pillars;
Technology development: Cooperation will advance hydrogen and electricity produced from renewable technology deployment from production, transportation and conversion at demand centres.
Business cooperation: The private sector has a critical role to play; Saudi–France cooperation welcomes joint efforts between Saudi and French companies to partner in the entire energy supply chain to unlock business and hydrogen trade.
Policies and regulation: The roadmap will further promote the development of the hydrogen industry through mutual recognition of the certification framework, including emission life cycle assessment from all possible sources necessary for consistency in international trade.
Both countries acknowledged the importance of advancing the implementation of the United Nations Framework on Climate Change (UNFCCC) and the Paris Agreement in accordance with the principles, objectives and goals defined therein, including pursuing efforts to limit the temperature increase to 1.5°C.
The Kingdom of Saudi Arabia prioritises energy as one of the main focuses of its Vision 2030 plan. This agreement will put energy as one of the main pillars of their partnership. The Kingdom of Saudi Arabia intends to become the leading exporter of hydrogen and electricity produced from low-emission and renewable resources and both France and Saudi Arabia have placed hydrogen and electricity produced from low-emission and renewable resources at the core of their respective energy transition.
The development of sustainable maritime transport is a key component of Saudi Arabia’s commitments to the IMO as an IMO council member where initiatives are underway to support maritime decarbonisation and ensuring cooperation and a more sustainable future within the International Maritime Organization.
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