'Manar' Initiative is a Saudi-Japanese collaboration initiative in the clean energy field, launched on July 16, 2023. It was established with the two countries' shared goal of achieving net zero by 2060. The Kingdom of Saudi Arabia has committed to reducing carbon emissions as part of the journey toward net zero.
Objectives of the 'Manar' Initiative
Manar Initiative aims to showcase the leadership of the Kingdom and Japan in clean energy projects and sustainable advanced materials. It emphasizes enhancing supply chain flexibility to achieve sustainability and secure global supply, with the Kingdom being the world’s most cost-effective producer of renewable energy and clean hydrogen, coupled with its strategic location along major global export routes.
Description of the 'Manar' Initiative
The 'Manar' Initiative focuses on producing various sustainable materials, facilitating the participation of leading companies from both countries and expanding ongoing collaboration, which would contribute to the development of the initiative's projects, such as renewable energy components. The initiative aims to develop various projects that contribute to driving the transition toward clean energy by focusing on key areas such as hydrogen, ammonia, synthetic fuels, the circular carbon economy, carbon recycling, and direct air capture, among other projects.
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