Saudi Aramco has agreed to buy a 50% stake in Air Products Qudra’s (APQ) Saudi-based blue hydrogen subsidiary Blue Hydrogen Industrial Gases Company (BHIG).
Having agreed to shared ownership of the blue hydrogen business, the pair plan to supply the methane and carbon capture-based hydrogen through a pipeline network in Saudi Arabia’s eastern province.
Dr. Samir Serhan, Chairman of the Air Products-Qudra Energy joint venture, said the two companies would drive the creation of the “largest hydrogen network” in the Middle East.
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