Saudi Aramco has finalized the acquisition of 50% of Air Products Qudra's Saudi-based blue hydrogen subsidiary, Blue Hydrogen Industrial Gases Company (BHIG). This move is part of a strategic agreement reached in July to produce low-carbon hydrogen from methane with carbon capture technology. The plan involves delivering this sustainable hydrogen via pipeline to the Jubail Industrial City, a key industrial hub in Saudi Arabia. The acquisition also includes provisions for Saudi Aramco to source core ammonia components hydrogen and nitrogen from BHIG, enhancing its product portfolio. The collaboration is seen as a significant step towards diversifying Saudi Aramco's energy mix and capitalizing on both local and international opportunities. According to the Executive Vice President of Strategy & Corporate Development at Aramco, Ashraf Al Ghazzawi, this joint venture will help in building a strong hydrogen network in the Kingdom's Eastern Province, catering to industries like refining, chemical, and petrochemical. Additionally, the Chairman of APQ, Ahmed Hababou, highlights the importance of this partnership in contributing to the development of the hydrogen sector in the region. Saudi Arabia, a significant consumer of hydrogen across various sectors, aims to ramp up its low-carbon hydrogen production to 4 million tonnes annually by 2035. Forecasts from KAPSARC suggest that Saudi blue hydrogen could achieve cost competitiveness with green hydrogen by 2030, projecting a price of $1.13/kg. The acquisition and the envisioned growth in hydrogen production signify Saudi Arabia's commitment to sustainable energy practices and its strategic positioning in the evolving hydrogen economy.