20 August 2020
Saudi Arabia commits to hydrogen ‘new future’
The Opec kingpin is keen to extend its oil export prowess by leveraging the world’s cheapest solar to produce green hydrogen
Saudi Arabia is best-known for its prowess in oil production and role as the de facto leader of the Opec cartel. However, as has been highly publicised over the past few years, with the ambitious but controversial Crown Prince Mohammed bin Salman shaping the kingdom’s future, things are changing. Indeed, while surprise and considerable scepticism met the 2016 launch of Vision 2030—which professed that Saudi would diversify its economy to reduce dependence on oil while developing the health, education, infrastructure, recreation and tourism sectors—real progress is being seen on the ground. This has come in the form of a wide variety of social, commercial and industrial initiatives that have
Also in this section
30 January 2025
Both the US and Canada have ambitious plans for their hydrogen sectors
30 January 2025
The region may account for only a small share of active hydrogen projects currently, but it has lots more in the pipeline
29 January 2025
Significant renewable energy potential is a great advantage for the region, but costs remain prohibitive
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world