VIDEO: How do lower-carbon solutions such as hydrogen and carbon capture support our net-zero ambitions?

Ashraf A. Al Ghazzawi, executive vice president of Strategy and Corporate Development

FII 8th Edition

A couple of years ago, we announced our ambition to produce around two million tons per annum of blue hydrogen, which is roughly 11 million tons of ammonia.

We didn't stop at the ambition level. We took bold steps. We have bought 50% of a hydrogen hub on the east coast of the Kingdom to provide low-carbon hydrogen to industries there at a competitive cost.

This is a hub that could easily be changed to an export play with minimum enhancements.

Together with SABIC, we've demonstrated three blue hydrogen shipments to Asia to test how the value chain of blue ammonia is going to work.

In carbon capture and storage, we are getting ready to start with the world's largest carbon capture and storage facility here in Saudi Arabia. 

It's a 9 million tons per annum facility that we're building. 

This project is not only going to help us meet our net zero ambitions and reduce our carbon emissions, but also to unlock the potential of blue hydrogen to many markets, including Asia.