SARCO inks MoU to build green ammonia plant in Jazan

SARCO is advancing its green hydrogen strategy through new partnerships

Saudi Arabia Refineries Co. (SARCO) signed on May 15 a non-binding memorandum of understanding (MoU) with China Ally Hydrogen Energy Co. Ltd. to establish a green ammonia production plant in Jazan Industrial City.

 

The MoU also seeks to set up a local center for assembling and manufacturing hydrogen production and purification equipment in Jazan Industrial City, and establish a research and development center in cooperation with local Saudi universities to promote innovation in green hydrogen and ammonia technologies.

 

The one-year MoU will come into effect from the signing date, SARCO said in a statement to Tadawul.

 

The deal is expected to reflect positively on the company’s financial statements by the end of Q3 2028. It included no related parties, the statement noted.

 

In October 2025, SARCO signed a non-binding MoU with UAE-based Go Energy to cooperate on developing green hydrogen (ammonia) manufacturing business activities in Saudi Arabia, data compiled by Argaam showed.
 
In February, the company also announced that its subsidiary, Clean Energy, signed a non-binding MoU with UK-based AGR Renewable Energy for the purchase of the full output of the green ammonia plant planned to be established in Jazan Industrial City.

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