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How Gulf countries can fully tap into a growing market for hydrogen


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A staggeringly fast rise in energy stakeholders’ appetite for hydrogen – potentially the world’s ‘new oil’ – means blueprints in the Gulf countries are transforming into real progress.
In Saudi Arabia, Air Products, Acwa Power, and Neom’s deal for a $5 billion green hydrogen-based ammonia production plant powered by renewable energy is a momentous step in a greener direction for the world’s biggest oil exporter. The project, which could be the world’s largest green hydrogen unit, will supply 650 tonnes per day of carbon-free hydrogen for global transport and reduce 3 million tonnes of carbon dioxide per year.
The kingdom’s blue ammonia shipment – another global first – to Japan in late 2020, intended to co-fire coal power generation plants, was significant in bolstering sustainable hydrogen usage and a circular carbon economy. ....

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