Aramco, Air Products and ACWA to invest $12bn in new hydrogen and power project in Saudi Arabia

Aramco, Air Products and ACWA Power will strengthen Saudi Arabia’s position as a leader in renewable energy with $12bn set to be invested in a new hydrogen and power project.

With the formation of a joint venture (JV) between the companies, the new project will produce both hydrogen and power in the Jazan Economic City (JEC) as it advances zero-emission technologies to support the Kingdom’s net zero targets.

Read more: ENEOS, Saudi Aramco to develop blue hydrogen and blue ammonia supply chains
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Shipbuilding giant inks hydrogen deal with Saudi Aramco

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