Aramco completed the acquisition of a 50% equity interest in the Blue Hydrogen Industrial Gases Company (BHIG) based in Jubail. This strategic move, in partnership with Air Products Qudra (APQ), aims to enhance hydrogen supply, including lower-carbon hydrogen, in Jubail Industrial City.

Ashraf Al Ghazzawi, Aramco’s Executive Vice President of Strategy & Corporate Development, highlighted the significance of this investment, stating it would foster the development of a hydrogen network in Saudi Arabia’s Eastern Province. This network, combined with the carbon capture hub in Jubail, aims to seize emerging opportunities to reduce carbon emissions and diversify energy sources both locally and globally.

Ahmed Hababou, Chairman of Air Products Qudra, expressed that this joint venture exemplifies the commitment of both companies to developing a robust hydrogen network in the Eastern Province, catering to industries such as refining, chemical, and petrochemical.

Mohammad Abunayyan, Vice-Chairman of Air Products Qudra, emphasised the importance of the partnership with Aramco. He recognised the collaboration as a strategic effort to generate lower-carbon energy solutions, aligning with Saudi Arabia’s Vision 2030.