Aramco has agreed to purchase a 50% equity stake in Blue Hydrogen Industrial Gases Company (BHIG), a subsidiary of Air Products Qudra, as part of its initiative to broaden its range of alternative energy solutions and establish a lower-carbon hydrogen business. The agreement includes an option for Aramco to offtake nitrogen and hydrogen. BHIG aims to generate lower-carbon hydrogen while capturing and storing carbon dioxide, aligning with Aramco's carbon capture and storage activities. Once finalized, Aramco and Air Products Qudra are expected to hold equal shares in BHIG, focusing on developing a lower-carbon hydrogen network in Saudi Arabia. The partnership intends to create a vibrant marketplace for lower-carbon hydrogen, leveraging expertise in carbon capture and storage. Aramco's strategic gas expansion contracts, exceeding $25bn, highlight the company's commitment to increasing gas production by over 60% by 2030. This move showcases Aramco's dedication to diversifying its energy portfolio and supporting a sustainable energy future.