Saudi Arabia and Japan announced the establishment of the Manar initiative for cooperation in the field of clean energy.
The initiative seeks to align the aspirations of both countries in the field of clean energy and foster sustainable advanced materials, as well as ensure the flexibility and security of supply chains.
Saudi Arabia and Japan signed 26 agreements in several fields, on the sidelines of the visit of Japanese Prime Minister Fumio Kishida to the Kingdom.
A joint statement issued at the conclusion of the visit reiterated the Kingdom’s ambitions to reduce carbon emissions and reach zero neutrality, benefiting from its strategic location on the global energy routes.
The statement also highlighted Japan’s endeavor to achieve zero neutrality, as a world leader in clean energy technology solutions.
The Manar initiative aims to highlight the leadership of Saudi Arabia and Japan in clean energy projects and sustainable advanced materials, in addition to ensuring the flexibility of supply chains. This initiative will reinforce Saudi Arabia's ongoing efforts to become a hub for clean energy, mineral resources, and energy component supply chains.
The initiative features a range of projects that drive the transition to clean energy, focusing on areas such as hydrogen and ammonia technologies, synthetic fuels, circular carbon economy and carbon recycling, direct air carbon (DAC) capture, and critical minerals essential for achieving resilience.
The two sides have affirmed their cooperation in promoting clean energy supply chains and mineral resources, by joining capabilities and common aspirations, and strengthening cooperation between companies and entities in both countries, to contribute to the expansion of the clean energy market, reduce costs and increase the flexibility of supply chains.
