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Saudi Aramco Bets on Blue Hydrogen Exports Ramping Up From 2030

  • World’s biggest oil firm aims for large hydrogen market share
  • Blue hydrogen capex costs lower than green hydrogen, says CTO
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WATCH: Ahmad Al-Khowaiter, Saudi Aramco CTO, discusses his company's aim for clean energy by 2030. (Source: Bloomberg)
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Saudi Aramco outlined plans to invest in blue hydrogen as the world shifts away from dirtier forms of energy, but said it will take at least until the end of this decade before a global market for the fuel is developed.

“We’re going to have a large share” of the market for blue hydrogen, Aramco’s chief technology officer, Ahmad Al-Khowaiter, said in an interview with Bloomberg Television on Sunday in Dhahran, eastern Saudi Arabia, where the company’s based. “The scale up isn’t going to happen before 2030. We’re not going to see large volumes of blue ammonia before then.”