Core Viewpoint - Sinopec Engineering (02386.HK) has signed a front-end engineering design contract for a large green hydrogen project in Saudi Arabia with Técnicas Reunidas and ACWA Power, marking a significant step in the development of green hydrogen technology [1][2]. Group 1: Contract Details - Sinopec's wholly-owned subsidiary, Sinopec Guangzhou Engineering Co., will collaborate with Técnicas Reunidas to provide front-end engineering design services for the project [1]. - The contract execution period is expected to last for 10 months, after which the consortium will submit an EPC (Engineering, Procurement, and Construction) tender proposal [1]. - The EPC contract for the project is anticipated to reach several billion dollars [1]. Group 2: Project Overview - The project, located in the Yanbu Industrial City of Saudi Arabia, aims to produce approximately 400,000 tons per year of green hydrogen through a 4.2 GW electrolysis facility [2]. - It will also include an ammonia synthesis facility with a capacity of 8,000 tons per day, a desalination plant, and auxiliary production facilities [2]. - As the largest planned green hydrogen and ammonia project globally, its successful implementation is expected to significantly contribute to global energy transition and promote the large-scale development and application of green hydrogen and ammonia technologies [2].