Aramco Completes 50% Stake Acquisition in Blue Hydrogen Venture
Deal News | Mar 24, 2025 | Zawya
Aramco, a preeminent entity in global energy and chemicals, has finalized the acquisition of a 50% stake in Blue Hydrogen Industrial Gases Company (BHIG), located in Jubail, Saudi Arabia. This move marks a strategic collaboration with Air Products Qudra aimed at enhancing hydrogen production in the region, especially focusing on blue hydrogen, which leverages carbon capture and storage technology to reduce carbon emissions. This venture is part of Aramco's broader strategy to develop a hydrogen network in Saudi Arabia's Eastern Province, advancing the Kingdom's Vision 2030 goals for energy diversification and sustainability. With the commercial operations of BHIG scheduled to commence in alignment with Aramco’s CCS initiatives, the partnership highlights a shared commitment to a lower-carbon energy future.
Sectors
- Energy
- Industrial Gases
Geography
- Saudi Arabia – The location of the Jubail-based Blue Hydrogen Industrial Gases Company and Aramco's operations.
Industry
- Energy – The overlap of conventional and renewable energy sectors, particularly focusing on hydrogen production.
- Industrial Gases – The production and distribution of gases for industrial use, specifically hydrogen in this context.
Financials
- 50% – The equity interest acquired by Aramco in BHIG.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aramco | Bidding Companybuyer | Company | One of the world's leading integrated energy and chemicals companies. |
| Air Products Qudra | Partner | Company | A leading hydrogen supplier and partner in the joint venture. |
| Blue Hydrogen Industrial Gases Company (BHIG) | Target Company | Company | Jubail-based company engaged in hydrogen production focusing on lower-carbon hydrogen. |