Saudi Arabia is positioning itself to have first mover advantage in the emerging green hydrogen/ammonia market should it ever take off. This week, a senior German delegation visited Riyadh and reaffirmed plans for a “green ammonia corridor” linking Yanbu and the Port of Rostock, firming up a potentially key export market.
Global momentum behind green hydrogen has lost traction over the past year, and could ultimately stall if high costs deter potential buyers from signing up to offtake agreements. Despite the headwinds, Saudi Arabia continues to invest in production and export capacity in the hope that by generating supply it can stimulate demand and kickstart the industry. (CONTINUED - 917 WORDS)
