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Mitsubishi to Transfer Hydrogen Technology, Ammonia, High-Efficiency Equipment to Saudi Arabia

Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East. (Saad al-Enezi)
Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East. (Saad al-Enezi)
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Mitsubishi to Transfer Hydrogen Technology, Ammonia, High-Efficiency Equipment to Saudi Arabia

Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East. (Saad al-Enezi)
Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East. (Saad al-Enezi)

Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East, revealed that Mitsubishi is planning to launch a number of understandings in Riyadh to strengthen partnerships with Saudi government agencies in the field of research and consultancy.

These understandings would help transfer knowledge and technologies in the fields of energy, agriculture, and health and come at a time Saudi Arabia is looking to localize industrial and economic expertise, he told Asharq Al-Awsat.

The company implements 1,800 annual projects for government and private companies daily, he revealed.

By doing this, Mitsubishi looks to open the door for cooperation with the Japanese government and technology providers with wide-ranging solutions to deal with climate change.

Such cooperation could boost energy sector sustainability, help develop new industries and businesses.

It also works to transfer hydrogen and ammonia technology and expertise in high-efficiency equipment, district cooling, infrastructure management, development and use of alternative fuels.

Nakagawa told Asharq Al-Awsat that the MRI chose Saudi Arabia as the first regional platform in the Middle East to launch its research and consultancy work because of the Kingdom's pivotal role in the region, the strength of its economy, and its new initiatives that emerge from Kingdom Vision 2030.

He said he was looking forward to the signing of agreements with several government agencies to launch MRI’s activities in Riyadh, and from there to all parts of the world.

He confirmed that he discussed ways of cooperation with the Ministry of Energy, especially means of transferring knowledge and consultations in the field of technology and renewable energy.

He also contacted the Ministry of Agriculture to maximize knowledge experiences in the field of agricultural and food production. Nakagawa also conducted talks related to health care technology.

He discussed with the King Abdullah University of Science and Technology efforts for maximizing the green and climate economies.

Nakagawa pointed out that “the Saudi market is huge and full of opportunities.”

He emphasized that Saudi regulations are working to attract foreign investment considering the recently launched mega projects and green initiatives, as well as the Saudi drive to promote sustainable development and the green economy.

He stressed that cooperation in the field of research and consultancy between Riyadh and Tokyo is witnessing a new era, stressing that his country gives the Kingdom special attention and is working to strengthen cooperation with it in various fields.

Tokyo is eyeing energy cooperation with Riyadh, revealed Nakagawa, noting the work and research that Saudi Arabia will undertake related to climate change, circular economy, renewable energy, and energy conservation.

Nakagawa explained that 24% of MRI’s work goes to government agencies, while up to 31% is in the field of industries. Around 45% of MRI’s activities focus on projects with financial institutions, while the rest goes to information technology solutions.

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US Energy Secretary Says Riyadh and Washington to Sign Civil Nuclear Agreement

US Energy Secretary Chris Wright speaks at the press conference in the Saudi capital Riyadh. Photo: Turki al-Aqaili
US Energy Secretary Chris Wright speaks at the press conference in the Saudi capital Riyadh. Photo: Turki al-Aqaili
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US Energy Secretary Says Riyadh and Washington to Sign Civil Nuclear Agreement

US Energy Secretary Chris Wright speaks at the press conference in the Saudi capital Riyadh. Photo: Turki al-Aqaili
US Energy Secretary Chris Wright speaks at the press conference in the Saudi capital Riyadh. Photo: Turki al-Aqaili

The United States and Saudi Arabia will sign a preliminary agreement on energy cooperation and civilian nuclear technology, US Energy Secretary Chris Wright said on Sunday.

Wright spoke at a press conference in the Saudi capital Riyadh where he arrived from the United Arab Emirates on Saturday as part of a regional tour that will also take him to Qatar.

His visit comes amid world economic turmoil over the tariffs imposed by US President Donald Trump. But Wright said that these tariffs don’t seek to restrict trade, rather they aim for fair and reciprocal trade.

His visit also comes ahead of an expected visit by Trump to the Kingdom, the UAE and Qatar in May to consolidate relations.

The US Energy Secretary told journalists at the Saudi Energy Ministry that Riyadh and Washington were on a "pathway" to reaching an agreement to work together to better develop energy resources and energy infrastructure, in addition to mining cooperation, civilian nuclear technology and energy production.

Wright said further details over a memorandum detailing the energy cooperation between Riyadh and Washington would come later this year.

Saudi Minister of Energy Prince Abdulaziz bin Salman announced last September that the Kingdom is working to develop peaceful uses for nuclear energy across various fields.

In his press conference on Sunday, Wright discussed the meetings he has held in Riyadh. There have “been very wide ranging dialogues for a day and a half now and they're going to continue. We've talked about energy in all aspects of energy. We've talked about mining, critical materials. We've talked about processing in industry. We've talked about climate change. We've talked about human lives and what drives their improvement and how best to achieve those ends,” he said.

On Saturday, Prince Abdulaziz met with Wright at King Abdullah Petroleum Studies and Research Center (KAPSARC) where the US official was briefed on the Center's role in the fields of energy policy research and its transitions, climate change, sustainable transportation, and consultancy services, in addition to the development of models and analytical tools that contribute to finding solutions to current challenges in the energy sector. They also discussed opportunities for cooperation in energy research, exchange of expertise, and strengthening joint research efforts.

Wright said Sunday that he believed “Saudi Arabia will be one of the leading countries in investing in the United States. I think that's a win for the Kingdom here. It's a win for the United States. And for us, most importantly, it's a win for the working class and American citizens to have better job opportunities.”

He added that the “broader objectives” of the US and Saudi Arabia “are prosperity at home and peace abroad.”

Wright also said in response to a question by Asharq Al-Awsat that tariffs are part of Trump's economic agenda.

He said Trump is trying to grow the flow of goods outside the United States into other countries while sustaining imports and engagement with countries from around the world. “So that's a way you could describe this. Fair trade, not restricted trade, just fair trade, reciprocal trade.”

He added that the United States has seen a lot of its intensive industries, particularly energy, move outside of the country and be outsourced somewhere else. “Too many Americans have seen their job opportunities shift overseas.”

“So tariffs are also a way to give a nudge and encourage investment into our country, to make products in our country, to grow economic opportunity and prosperity in America.”