Aramco's Strategic Investment in Blue Hydrogen and Carbon Capture Initiatives
Key Ideas
- Saudi Aramco has completed the purchase of a 50% stake in Blue Hydrogen Industrial Gases Co., focusing on hydrogen production and carbon capture in Jubail.
- The partnership aims to establish a hydrogen network in the Eastern Province, aligning with Aramco's goal to reduce carbon emissions and diversify energy sources.
- Aramco's initiatives include a carbon capture and storage hub, a direct air capture plant with Siemens Energy, and a CCS project with Linde PLC and SLB.
- The company is committed to achieving net-zero Scope 1 and 2 greenhouse gas emissions by 2050, with a focus on sustainability and technology innovation.
Saudi Aramco has finalized the acquisition of a 50% stake in Blue Hydrogen Industrial Gases Co. (BHIG), in partnership with Air Products Qudra. The collaboration aims to establish a hydrogen network in the Eastern Province of Saudi Arabia, supporting Aramco's efforts to reduce carbon emissions and diversify energy sources. BHIG will specialize in producing blue hydrogen from natural gas, with emissions captured and stored, in coordination with Aramco's carbon capture and storage hub in Jubail. This strategic investment aligns with Aramco's broader vision of sustainability and aligning with the Kingdom's Vision 2030. The company's recent initiatives include the launch of a direct air capture plant with Siemens Energy to test CO2 capture materials and the development of a major CCS hub with Linde PLC and SLB. Aramco's commitment to achieving net-zero Scope 1 and 2 greenhouse gas emissions by 2050 underscores its dedication to environmental responsibility and innovation in energy solutions.