Riyadh – Sharikat Mubasher: Saudi Aramco announced completing the acquisition of a 50% equity stake in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) from Air Products Qudra (APQ), strengthening its efforts in developing lower-carbon hydrogen solutions.
This move aims to supply hydrogen, including blue hydrogen, to the Jubail Industrial City area at scale, according to the company’s official press release.
BHIG plans to produce blue hydrogen from natural gas by capturing and storing carbon dioxide. The company is set to begin commercial operations in alignment with Aramco's carbon capture and storage (CCS) initiatives in Jubail.
Ashraf Al Ghazzawi, Aramco's Executive Vice President of Strategy & Corporate Development, highlighted the investment's role in advancing a hydrogen network in Saudi Arabia's Eastern Province. He emphasized that this network, combined with the CCS hub in Jubail, would create new opportunities to reduce emissions, promote growth, and diversify the energy mix.
Ahmed Hababou, Chairman of Air Products Qudra, said the partnership will contribute to developing a robust hydrogen network in the Eastern Province, supporting the refining, chemical, and petrochemical sectors.
Mohammad Abunayyan, Vice-Chairman of Air Products Qudra, described the partnership as a strategic step that aligns with Saudi Arabia's Vision 2030, aiming to generate cleaner energy solutions.
