Aramco Partners with APQ to Develop Lower-Carbon Hydrogen Network in Saudi Arabia
Key Ideas
  • Aramco signed definitive agreements to acquire an equity interest in BHIG, a subsidiary of APQ, to develop a lower-carbon hydrogen network in Saudi Arabia's Eastern Province.
  • The partnership aims to create a vibrant marketplace for lower-carbon hydrogen by leveraging Aramco's capabilities in carbon capture and storage (CCS) and technical expertise in hydrogen.
  • BHIG is set to produce lower-carbon hydrogen while capturing and storing CO2, aligning with Aramco's commitment to expanding its new energies portfolio and supporting a future energy system.
  • Upon completion, Aramco and APQ will each hold a 50% stake in BHIG, driving the establishment of the largest hydrogen network in the Middle East to serve various industries.
Aramco, a significant player in the energy and chemicals sector, has partnered with Air Products Qudra (APQ) to acquire an equity interest in the Blue Hydrogen Industrial Gases Company (BHIG) based in Jubail, Saudi Arabia. This move is part of Aramco's strategy to develop a lower-carbon hydrogen network in the Eastern Province of Saudi Arabia. The agreement includes provisions for Aramco to offtake hydrogen and nitrogen, enhancing its alternative energy solutions portfolio. The partnership between Aramco and APQ aims to establish a marketplace for lower-carbon hydrogen by utilizing Aramco's expertise in carbon capture and storage (CCS) and hydrogen technology. BHIG, focused on producing lower-carbon hydrogen while capturing CO2, will align with Aramco's goals of expanding its new energies portfolio and supporting a sustainable energy future. This collaboration is expected to pave the way for the creation of the largest hydrogen network in the Middle East, catering to the needs of refining, chemical, and petrochemical industries.
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