Saudi Arabia Aims For Global Hydrogen Leadership [View all]

Saudi Arabia Aims For Global Hydrogen Leadership

Alan Mammoser - Oct 10, 2024,

Saudi Arabia, the Middle East’s leading energy producer, continues to pour significant resources into development of low- and zero-carbon hydrogen, apparently determined to capture a major share of the emerging global industry.

According to news reports this week, the Kingdom’s Public Investment Fund (PIF) has created Energy Solutions Company to finance ‘green hydrogen’ power production with up to $10 billion in investment capital.
A formal announcement is expected soon. The news follows on a statement by PIF governor and Aramco chairman Yasir Al Rumayyan earlier this year, that Saudi Arabia wants to invest more in green hydrogen and have 15% of ‘blue hydrogen’ production globally.

While a national hydrogen strategy first appeared in outline in 2020, the country has moved forward gradually under guidance of the Saudi Ministry of Energy. Its diverse hydrogen pathways include numerous initiatives of state oil company Saudi Aramco and affiliates and the new NEOM project...

...Meanwhile the country’s northwest, with magnificent wind and solar resources, is home to the NEOM Green Hydrogen Company (NGHC), now developing the world’s largest such project with first production anticipated next year....more
https://oilprice.com/Alternative-Energy/Fuel-Cells/Saudi-Arabia-Aims-For-Global-Hydrogen-Leadership.html