Herbert Smith Freehills recently advised Air Products Qudra (APQ) and Aramco on a significant joint venture deal. The agreement involved the acquisition of a 50% stake in APQ's subsidiary, Blue Hydrogen Industrial Gases Company (BHIG). The transaction is pending completion, subject to standard closing conditions, after which both Aramco and APQ will have an equal ownership in BHIG. The legal advisory team, spearheaded by partners from Riyadh, London, and Hong Kong, included multiple partners and associates from various locations. This collaboration highlights a strategic move within the hydrogen industry, demonstrating the mutual interests of the involved parties in expanding their presence and operations in this sector.