Saudi Aramco and Air Products Qudra (APQ) announced that Aramco has completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG).
The acquisition seeks to provide Jubail Industrial City with hydrogen, including low-carbon hydrogen on a large scale, according to the Saudi Press Agency.
“Aramco’s investment in BHIG is expected to contribute to the development of a hydrogen network in the Kingdom of Saudi Arabia’s Eastern Province. 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,” Ashraf Al Ghazzawi, Aramco Executive Vice President of Strategy & Corporate Development, said.
Importantly, BHIG aims to produce hydrogen, including lower-carbon hydrogen from natural gas, also known as “blue hydrogen”, through the capture and storage of carbon dioxide.
“This joint venture is another example of the steps Aramco and Air Products Qudra are taking to contribute to the development of a robust hydrogen network in the Kingdom’s Eastern Province, serving the refining, chemical, and petrochemical industries,” Ahmed Hababou, Air Products Qudra Chairman, stated.
In coordination with Aramco’s carbon capture and storage (CCS) activities in Jubail, BHIG is anticipated to begin commercial operations to produce blue hydrogen.
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