The world’s biggest oil exporter has focused on becoming the largest hydrogen provider, which a fuel viewed as pivotal for curbing climate change. Minister Prince Abdulaziz bin Salman declared at a news briefing in Riyadh that Saudi Arabia has ambitious plans and would not be challenged in its record of being the biggest exporter of hydrogen on earth, Energy.
He also related, indicating a form of the fuel that’s made when gas is reformed, and the carbon dioxide byproduct is captured that the kingdom’s massive natural gas reserves allow it to produce blue hydrogen. In September, the country exported the world’s first cargo of blue hydrogen into ammonia to Japan.
The kingdom also plans to generate hydrogen from solar power, named green hydrogen, at a $5 billion facility in Neom, a new city constructed on the Red Sea in 2025.
Furthermore, by adding hydrogen to its mix, Saudi Arabia hopes to maintain its role as an essential energy supplier as more countries turn away from pollution-emitting fossil fuels. However, hydrogen is difficult to transport and needs much energy to produce, which making it very expensive.
According to the International Energy Agency, Green hydrogen costs between 3.50 euros ($4.15) and 5.00 euros per kilogram, this could compares with around 1.5 euros for the conventional, dirtier operation that produces grey or brown hydrogen, so the cost of producing blue hydrogen is between these two levels.