Aramco blue hydrogen ambitions intact despite weak sales
Saudi state-owned company restates production goal as high costs deter potential offtakers
Saudi state-owned energy company Aramco has restated its aim to be a leading supplier of blue hydrogen and ammonia despite recent difficulties in securing long-term offtake deals with potential buyers because of high costs. “The company’s goal of producing up to 11mn t/yr of blue ammonia, a carrier of blue hydrogen, by 2030 remains unchanged,” the NOC says. “Aramco continues to work with potential customers and other stakeholders around the world, and is making real progress across the blue hydrogen value chain.” 11mn t/yr – Blue hydrogen 2030 production target Recent progress includes receiving the world’s first independent certification for blue ammonia and blue hydrogen production
Also in this section
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey