A joint venture between Aramco and Air Products Qudra will contribute to the development of a hydrogen network in the eastern province of the country. (Source: Shutterstock)
Aramco has completed its deal to buy a 50% stake in Saudi Arabia’s Blue Hydrogen Industrial Gases Co., Aramco said March 24.
Blue Hydrogen Industrial Gases produces blue hydrogen—made from natural gas—through carbon capture. Aramco and Blue Hydrogen are expected to combine their operations to produce hydrogen from Aramco’s carbon capture and storage operations in Jubail, Saudi Arabia.
A joint venture between Aramco and Air Products Qudra will contribute to the development of a hydrogen network in the eastern province of the country and serve the refining, chemical and petrochemical sectors, Air Products Qudra Chairman Ahmed Hababou said in the press release.
“This network, along with our CCS hub in Jubail, can help us capitalize on emerging opportunities both domestically and globally to reduce carbon emissions, support growth and diversify our energy portfolio,” said Ashraf Al Ghazzawi, Aramco executive vice president of strategy and corporate development.
Terms of the deal were not disclosed.
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