Aramco acquires 50% of Blue Hydrogen Industrial Gases Company
Partnership aims to accelerate industrial carbon reduction and encourage growth of the hydrogen economy.
Aramco has completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), as announced by the company and Air Products Qudra (APQ).
The agreement brings together experts in their respective fields with the aim of providing the Jubail Industrial City area with hydrogen, including lower-carbon hydrogen, at scale. BHIG targets the production of hydrogen, including lower-carbon hydrogen from natural gas, also referred to as “blue hydrogen”, through the capture and storage of carbon dioxide.
“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,” said Ashraf Al Ghazzawi, Executive Vice President of Strategy & Corporate Development at Aramco.
BHIG is expected to commence commercial operations to produce blue hydrogen in coordination with Aramco’s carbon capture and storage (CCS) activities in Jubail.
