Related Articles
Aramco CEO Amin Nasser at a news conference in Dhahran
Forward article link
Share PDF with colleagues

Aramco eyes big share of global blue hydrogen market

CEO points to competitive advantages of low-cost gas reserves and access to aquifers for CCS

Saudi Aramco will aim to capture a “big percentage” of the global market for blue hydrogen but will need to sign offtake deals before planning a significant ramp-up in production, senior company executives say. “Hydrogen is a very interesting market for us. We are looking at the markets and, basically, we are looking for offtake agreements," says Aramco president and CEO Amin Nasser. “The major markets that you are looking at today in terms of demand are Japan and Korea,” he said during a presentation of the company’s second quarter and half-year 2021 results. "The major markets that you are looking at today in terms of hydrogen demand are Japan and Korea" Nasser, Aramco Aram



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
ITM Power to raise finance for expansion
15 October 2021
Firm looks to raise a total of £250mn to build two further factories to meet demand
Octopus and RES to invest £3bn in UK green hydrogen
14 October 2021
Partnership is evaluating several sites for construction of green hydrogen production and is in discussion with offtakers
Carbon price would make hydrogen viable – Wood Mackenzie
14 October 2021
Accelerating development of low-carbon hydrogen before 2030 would require carbon prices above $60/t
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video