Italy's Eni and Saudi Acwa Power sign accord to develop green hydrogen project - Reuters
Italy's Eni and Saudi Acwa Power sign accord to develop green hydrogen project | Reuters
Italy's Eni and Saudi Acwa Power sign accord to develop green hydrogen project
Italian energy company Eni headquarters is seen in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi/File Photo Acquire Licensing Rights
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MILAN, Sept 4 (Reuters) - Italy's Eni (ENI.MI) and Saudi Acwa Power (2082.SE) signed on Monday a Memorandum of Understanding (MoU) to jointly develop a green hydrogen project in the Middle East and Africa at the Investment Forum between Italy and Saudi Arabia in Milan.
At the same event, held as Italy and Saudi Arabia struck a deal to boost investments, Acwa Power also struck an MoU with regional utility A2A (A2.MI) and electrodes maker De Nora (DNR.MI) to cooperate on green hydrogen.
Reporting by Francesca Landini, writing by Gianluca Semeraro, editing by Alvise Armellini
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Related Knowledge Center: ENERGY BASICS: hydrogen
Hydrogen, long seen as a theoretical if not practical alternative to petroleum-based transportation fuels, is once again having a day in the sun as industries promote “green hydrogen,” produced using renewable resources.