Aramco completes acquisition of 50% stake in BIHG
Published by Ellie Brosnan,
Editorial Assistant
Global Hydrogen Review,
Aramco and Air Products Qudra (APQ) have announced that Aramco has completed the acquisition of a 50% equity interest in the Blue Hydrogen Industrial Gases Company (BHIG), based in Jubail, Saudi Arabia.
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. BHIG is expected to commence commercial operations to produce blue hydrogen in coordination with Aramco’s carbon capture and storage (CCS) activities in Jubail, Saudi Arabia.
Ashraf Al Ghazzawi, Aramco Executive Vice President of Strategy and Corporate Development, said: “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 capitalise on emerging opportunities both domestically and globally to reduce carbon emissions, support growth, and diversify our energy portfolio.”
Ahmed Hababou, APQ Chairman, commented: “This joint venture (JV) is another example of the steps Aramco and APQ are taking to contribute to the development of a robust hydrogen network in the Kingdom’s Eastern Province, serving the refining, chemical, and petrochemical industries.”
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/27032025/aramco-completes-acquisition-of-50-stake-in-bihg/
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