Saudi Aramco Expands Low-Carbon Hydrogen Portfolio in Partnership with Air Products Qudra
Key Ideas
  • Saudi Aramco acquires ownership stakes in Blue Hydrogen Industrial Gases Company, aiming to develop low-carbon hydrogen businesses.
  • The investment is part of Saudi Aramco's strategy to expand its portfolio of alternative energy solutions.
  • The partnership with Air Products Qudra will establish a low-carbon hydrogen network in the Eastern Province of Saudi Arabia.
  • Blue Hydrogen is set to support Saudi Aramco's carbon capture and storage activities, enhancing its capabilities in the hydrogen field.
Saudi Aramco, a prominent energy and chemicals company, has finalized agreements to acquire ownership interests in Blue Hydrogen Industrial Gases Company, a subsidiary of Air Products Qudra in Jubail. This acquisition grants Saudi Aramco the option to procure hydrogen and nitrogen. The company's investment in Blue Hydrogen aims to foster a low-carbon hydrogen network in Saudi Arabia's Eastern Province. With a 50% stake each, Saudi Aramco and Air Products Qudra envision leveraging their joint venture to bolster the hydrogen economy in the Middle East, catering to key industries. Executive Vice President Ashraf Al-Ghazawi emphasized the commercial potential of low-emission hydrogen and Saudi Aramco's commitment to utilizing carbon capture and storage expertise. Dr. Samir Sarhan, Chairman of Air Products Qudra, highlighted the partnership's role in ensuring a robust supply of low-carbon hydrogen for regional demands. Blue Hydrogen, focused on producing low-carbon hydrogen through carbon capture, aligns with Saudi Aramco's sustainable practices and will complement its carbon capture and storage initiatives.
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