Aramco has finalized an agreement to acquire a 50% stake in Air Products' Blue Hydrogen Industrial Gases Company (BHIG) located in Jubail, Saudi Arabia. This partnership involves Aramco and Air Products Qudra (APQ) each owning 50% of BHIG. The deal is subject to standard closing conditions and includes arrangements for Aramco to secure hydrogen and nitrogen offtake options. Dr. Samir J. Serhan, Chairman of Air Products Qudra, expressed enthusiasm for strengthening the partnership with Aramco to drive the hydrogen economy in the Middle East and establish a significant hydrogen network for various industries. Aramco's Executive Vice President of Strategy & Corporate Development, Ashraf Al Ghazzawi, highlighted the company's focus on enhancing capabilities in carbon capture and storage (CCS) along with hydrogen expertise to support a thriving market for lower-carbon hydrogen. This move aligns with the ambition to shape a sustainable energy system for the future. Investors can leverage this development by gaining exposure to Air Products via ETFs like IShares U.S. Basic Materials ETF (IYM) and Materials Select Sector SPDR XLB. As APD shares rise by 3.49% to $268.91, the collaboration between Aramco and Air Products signifies a positive step towards advancing the hydrogen economy and transitioning towards cleaner energy sources in the region.