Aramco completes the acquisition of a 50% stake in the Blue Hydrogen Company

Saudi Aramco and Air Products have announced today that Saudi Aramco has acquired a 50% royal share in the Blue Hydrogen Industrial Gas Company in the city of Jubail; In order to provide the industrial city of Jubail with hydrogen.
This includes a large -scale low -carbon hydrogen.
The Blue Hydrogen Hydrogen Gas Company aims to produce hydrogen, including low -carbon hydrogen hydrogen, which is also referred to as “blue hydrogen” by extracting and storing carbon.
It is expected that the marketing processes for the production of blue hydrogen will begin in coordination with carbon extraction and storage activities in Saudi Aramco in Jubail.
“It is expected that the Saudi Aramco investment in the Blue Hydrogen Company for Industrial Gas in the development of the hydrogen network in the eastern region of the Kingdom will contribute,” said Ashraf Al -Ghazzawi, CEO of Saudi Aramco, Ashraf Al -Ghazzawi.
He added: “This network, in addition to the carbon extraction center and its storage in Jubail, will help us from taking advantage of the emerging opportunities locally and globally to reduce carbon emissions, push the growth wheel and diversify our energy portfolio.”
For his part, the Chairman of the Board of Directors of Air Products Company, Ahmed Hababo, explained that this joint project is an example of the steps taken by Saudi Aramco and Air Products ability to contribute to the development of a strong hydrogen network in the eastern region of the Kingdom, and to serve the vital sectors, such as refining, chemicals and petrochemicals.