Aramco has finalized its acquisition of a 50% stake in Blue Hydrogen Industrial Gases Co., marking a strategic move to enter the blue hydrogen market. Blue Hydrogen Industrial Gases specializes in producing blue hydrogen from natural gas with the use of carbon capture technology. The collaboration between Aramco and Blue Hydrogen aims to leverage Aramco's carbon capture and storage capabilities in Jubail, Saudi Arabia, to scale up hydrogen production. Additionally, a joint venture with Air Products Qudra is set to establish a hydrogen network in Saudi Arabia's eastern province, focusing on meeting the energy needs of sectors like refining, chemical, and petrochemical industries. The partnership anticipates utilizing the carbon capture and storage hub in Jubail to seize emerging opportunities globally, with a strategic focus on reducing carbon emissions and diversifying the energy portfolio. Although the financial details of the deal remain undisclosed, the collaboration underscores a commitment to sustainability and innovation in the energy sector.