Japan’s Marubeni Corporation has signed an agreement with Saudi-based Public Investment Fund (PIF) to set out a framework for the development of a clean hydrogen project in Saudi Arabia.

Under the Memorandum of Understanding (MoU) with the sovereign wealth fund, Marubeni will initially conduct a feasibility study for producing clean hydrogen in the Middle Eastern country.

H2 View understands the organisations are carrying out the study with the aim of supplying clean hydrogen to both domestic and international markets.