Aramco to Acquire 50% Stake in APQ's Blue Hydrogen Unit in Jubail

Tuesday, 16 July 2024, 17:03

In a significant move, Aramco is set to collaborate with APQ for a joint venture focusing on blue hydrogen production in Jubail. This partnership marks a strategic step towards sustainable energy solutions in Saudi Arabia. The deal involves Aramco acquiring a notable share in APQ's blue hydrogen unit, reinforcing the companies' commitment to environmental innovation. The alliance is poised to leverage expertise in industrial gases and renewable energy, driving growth in the region's clean energy sector.
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Aramco to Acquire 50% Stake in APQ's Blue Hydrogen Unit in Jubail

Aramco Partners with APQ: Joint Venture for Blue Hydrogen

In a strategic collaboration, Aramco is set to acquire a 50% stake in APQ's blue hydrogen unit based in Jubail.

Sustainable Energy Solutions in Saudi Arabia

  • The partnership emphasizes a commitment to sustainable energy solutions in Saudi Arabia.
  • Renewable Energy Innovation: The venture signifies a pivotal move towards environmental innovation in the energy sector.

The collaboration aims to drive growth in clean energy and industrial gas sectors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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