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From oil giant to green powerhouse? Although Saudi Arabia seeks to diversify its energy sector and economy away from fossil fuels, the OPEC leader is eager to maintain its status as a fuel exporter giant by leveraging cheap solar and wind power to produce green hydrogen. By Stasa Salacanin The main advantage of green hydrogen is that it provides enormous power generation with zero emissions. On the other hand, it is an explosive chemical, and the cost of generating it makes it still more expensive than traditional hydrocarbons. Despite all this, Strategy& estimates that the demand for green hydrogen will grow swiftly in the future, reaching 530 million tons and potentially displacing roughly 10.4 billion of barrels of oil by 2050. ....