Saudi Aramco has made a significant move in the hydrogen sector by purchasing a 50% stake in Air Products Qudra's blue hydrogen subsidiary in Saudi Arabia. This acquisition aims to establish a robust hydrogen network in the Middle East, with a focus on supplying methane and carbon capture-based hydrogen through a pipeline system in Saudi Arabia's eastern province. The collaboration between the two companies is set to cater to the demands of the refining, chemical, and petrochemical industries in Saudi Arabia and the wider Middle East region. Dr. Samir Serhan, Chairman of the Air Products-Qudra Energy joint venture, expressed confidence in the creation of the largest hydrogen network in the Middle East, emphasizing the importance of meeting industry demands. The acquisition deal also includes provisions for Saudi Aramco to access hydrogen and nitrogen from the subsidiary, essential for ammonia production. The partnership is strategically aligned with Aramco's plans to leverage its carbon capture and hydrogen expertise in fostering a marketplace for lower-carbon hydrogen. This move signifies a step towards supporting Saudi Arabia's energy export ambitions, utilizing opportunities in CCS and renewable energy resources. The country has set ambitious targets for low-carbon hydrogen production, with projections indicating decreasing costs for blue hydrogen to $1.13/kg by 2030. Overall, the acquisition signals a significant development in Saudi Arabia's hydrogen sector, reflecting a positive sentiment towards hydrogen as a key component in the country's energy transition and export strategies.