Saudi Arabia wants to be top supplier of hydrogen


Hydrogen powered mobile unite is seen during Saudi Aramco's media trip to demonstrate Hydrogen automotive technology at Techno Valley Science Park in Dhahran, Saudi Arabia, June 27, 2021. REUTERS/Hajer AbdulmohsinDUBAI, Oct 24 (Reuters) – Saudi Arabia wants to be the biggest supplier of hydrogen, the country’s Energy Minister Prince Abdulaziz bin Salman al-Saud said on Sunday.

The world’s biggest oil exporter intends to produce and export something within the neighborhood of about 4 million tons of hydrogen by 2030, the minister added.

The chief executive of Aramco, Amin Nasser, said earlier this year the Saudi Arabian state oil producer is looking for off-take agreements for hydrogen in its key markets to expand its output and sees strong potential for growth.

There are growing international calls for reductions in fossil-fuel investment and for the focus to shift towards renewable energy sources.

The minister also said the kingdom plans to manufacture electric cars.

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