Riyadh expands on hydrogen ambitions
The Kingdom is looking to become a leading producer of green as well as blue hydrogen despite a lagging renewables buildout
Taking the virtual stage at the World Economic Forum in late January, Saudi energy minister Abdelaziz bin Salman Al Saud toned down his defiance over continued upstream oil investment and instead spoke of his government’s intent to become the world’s leading supplier of hydrogen. A day earlier, state oil giant Saudi Aramco signed a series of deals with energy firms from South Korea—a key potential importer of the fuel—to collaborate on developing the fledgling international market. The nine memorandums of understanding (MoUs) inked during the visit to Riyadh by South Korean president Moon Jae-in are geared primarily towards the development of a blue hydrogen supply chain between the two nati
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome