Aramco Completes 50% Stake Acquisition in BHIG

Strengthening Saudi Arabia’s Hydrogen Network

According to a latest news article in Oil & Gas Middle East, Aramco has completed the acquisition of a 50% stake in Blue Hydrogen Industrial Gases Company (BHIG), a key player in blue hydrogen production in Jubail. This partnership with Air Products Qudra (APQ) aims to expand hydrogen supply, particularly lower-carbon hydrogen, in Jubail Industrial City.

BHIG produces blue hydrogen by extracting hydrogen from natural gas while capturing and storing carbon dioxide. The company’s commercial operations will align with Aramco’s carbon capture and storage initiatives in Jubail, supporting Saudi Arabia’s Vision 2030.

Ashraf Al Ghazzawi, Aramco’s EVP of Strategy & Corporate Development, emphasized that this investment would help develop a hydrogen network in the Eastern Province, reducing carbon emissions and diversifying energy sources. Ahmed Hababou, Chairman of APQ, and Mohammad Abunayyan, Vice-Chairman of APQ, highlighted the strategic collaboration as a step towards a lower-carbon energy future.