Aramco eyes big share of global blue hydrogen market

CEO points to competitive advantages of low-cost gas reserves and access to aquifers for CCS

Saudi Aramco will aim to capture a “big percentage” of the global market for blue hydrogen but will need to sign offtake deals before planning a significant ramp-up in production, senior company executives say. “Hydrogen is a very interesting market for us. We are looking at the markets and, basically, we are looking for offtake agreements," says Aramco president and CEO Amin Nasser. “The major markets that you are looking at today in terms of demand are Japan and Korea,” he said during a presentation of the company’s second quarter and half-year 2021 results. "The major markets that you are looking at today in terms of hydrogen demand are Japan and Korea" Nasser, Ara