Dhahran, March 25, 2025 – Saudi Aramco has finalized the acquisition of a 50% equity stake in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), as announced today by Aramco and Air Products Qudra (APQ). This partnership unites industry leaders to supply hydrogen, including lower-carbon hydrogen, to Jubail Industrial City at scale.
According to a press release from Saudi Aramco, BHIG focuses on producing hydrogen—including lower-carbon “blue hydrogen” derived from natural gas—by capturing and storing carbon dioxide. The company is set to begin commercial operations in alignment with Aramco’s carbon capture and storage (CCS) initiatives in Jubail.
Aramco’s Executive Vice President of Strategy and Corporate Development, Ashraf Al Ghazzawi, emphasized that the investment in BHIG aims to enhance Saudi Arabia’s hydrogen network in the Eastern Region. He noted that this network, alongside the CCS hub in Jubail, will enable Aramco to seize emerging opportunities to cut carbon emissions, drive economic growth, and diversify its energy portfolio.
APQ Chairman Ahmed Hababou highlighted that this joint venture underscores the commitment of Aramco and APQ to strengthening Saudi Arabia’s hydrogen network, catering to the refining, chemical, and petrochemical sectors.