Blue Hydrogen’s Future In Saudi Arabia Hits Snag

The world’s top crude oil exporter, Saudi Aramco, is betting big on natural gas to reduce dependence on oil for power generation and free up more crude for exports. As part of its ambitious gas development program, the world’s largest oil firm has also bet on producing hydrogen from natural gas with carbon capture, the so-called blue hydrogen.

   But the technology for blue hydrogen is so expensive that Aramco doesn’t intend to make a final investment decision on such large projects in Saudi Arabia until it has secured…