Saudi Aramco is exploring opportunities in blue hydrogen and is actively looking at exporting to key markets in Asia, even as it seeks to grow its portfolio by opening up assets to unlock capital, its president and chief executive said. Green hydrogen, which is produced through electrolysis powered by energy from the sun and wind, is “also an area of interest”, said the company’s chief executive.
Saudi Arabia is building one of the world's largest green hydrogen projects in NEOM, the futuristic mega-city straddling the borders of Egypt and Jordan. Saudi Arabia's Acwa Power and Air Products are building the $5 billion project, which has a 4-Gigawatt capacity and can produce 650 tonnes of hydrogen per day.
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