Aramco Embarks on Blue Hydrogen Partnership

Saudi Arabian Oil Co. (Aramco) is set to acquire a 50% stake in Air Products Qudra's Blue Hydrogen industrial gases business. This strategic agreement aims to develop a lower-carbon hydrogen production business and support the growth of Aramco's New Energies portfolio.

Saudi Arabian Oil Co. (Aramco) is poised to acquire a 50% stake in Air Products Qudra's Blue Hydrogen industrial gases initiative, a move that underscores its commitment to sustainable energy.

The collaboration between Aramco and Air Products Qudra is geared towards expanding lower-carbon hydrogen production, reflecting a significant shift in global energy dynamics.

Following the transaction's completion, both entities are expected to equally share ownership of the Blue Hydrogen Industrial Gases business, marking a key milestone in Aramco's New Energies portfolio growth.

(With inputs from agencies.)