Saudi Aramco Acquires Stake in Blue Hydrogen Developer for Hydrogen Network Expansion in Jubail Industrial City
Key Ideas
  • Saudi Aramco completes acquisition of 50% stake in BHIG, a developer of lower-carbon hydrogen in Saudi Arabia.
  • Aramco aims to establish a hydrogen network in the Eastern Province, aligning with carbon capture and storage initiatives.
  • BHIG to produce blue hydrogen through carbon capture and storage in coordination with Aramco's activities in Jubail.
  • Joint venture between Aramco and Air Products Qudra aims to bolster hydrogen infrastructure for industrial sectors in the region.
Saudi Aramco has finalized the acquisition of a 50% stake in Blue Hydrogen Industrial Gases Company (BHIG), a developer of hydrogen solutions in Saudi Arabia. The joint venture, which includes Air Products Qudra, aims to provide the Jubail Industrial City area with hydrogen, specifically focusing on lower-carbon hydrogen production. This strategic move is part of Aramco's goal to establish a hydrogen network in the Eastern Province of Saudi Arabia, complementing efforts in carbon capture and storage (CCS) in Jubail. BHIG's operations will center around producing blue hydrogen by capturing and storing carbon dioxide, contributing to emissions reduction initiatives. The collaboration between Aramco and BHIG signifies a significant step towards expanding the hydrogen infrastructure in the region, catering to industries like refining, chemicals, and petrochemicals. Ahmed Hababou, Air Products Qudra Chairman, highlighted the venture's role in enhancing the hydrogen network in the Eastern Province, showcasing a commitment to sustainable industrial growth.
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