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.