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Wednesday, April 27, 2022

Saudi Public Investment Fund (PIF) and Thyssenkrupp stakenote

The Saudi Public Investment Fund (PIF) is reportedly considering buying a stake in Nucera, the hydrogen unit of Thyssenkrupp of Germany.

The PIF Governor Yasir Al-Rumayyan believes that this potential investment would be crucial to the transfer of hydrogen technology and Saudi plans to scale a local hydrogen production industry.

Such a decision is considered a part of Crown Prince Mohammad Bin Salman Bin Abdulaziz’s goal of rapidly increasing the Kingdom’s production capacity of Green hydrogen.

Tactical Report has prepared a 269-word report to shed more light on Saudi Arabia’s plans in this regard.


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