Saudi Aramco announced its strategic intent to acquire a 50% stake in Blue Hydrogen Industrial Gases Co. (BHIG) as part of a joint venture with Air Products Qudra. This investment underscores Aramco's commitment to expanding its lower-carbon hydrogen business and advancing the development of a hydrogen network within Saudi Arabia's Eastern Province. The collaboration aims to leverage Aramco's expertise in carbon capture and storage (CCS) and hydrogen technologies to establish a marketplace for lower-carbon hydrogen. BHIG's commercial activities will focus on producing lower-carbon hydrogen while implementing CO2 capture processes, complementing Aramco's efforts in CCS. The agreement also grants Aramco the option to offtake hydrogen and nitrogen, indicating a strategic vision towards a sustainable energy future. The transaction is subject to customary closing conditions, with the financial terms remaining undisclosed at this time.