Saudi Aramco acquires 50% stake in Air Products Qudra's lower-carbon hydrogen business, BHIG, to develop New Energies portfolio.
Saudi Aramco has signed definitive agreements to acquire a 50% stake in Air Products Qudra's lower-carbon hydrogen production business, Blue Hydrogen Industrial Gases Company (BHIG), in a bid to develop its New Energies portfolio. The transaction includes options for Aramco to offtake hydrogen and nitrogen. The companies plan to supply hydrogen through a pipeline network in Saudi Arabia's Eastern Province, aiming to support the growth of lower-carbon hydrogen production.
July 16, 2024
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