Saudi Arabia wants to be top supplier of hydrogen - Energy minister

Intends to produce and export something within the neighborhood of about 4 million tons of hydrogen by 2030

  
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud reacts while he speaks during the Saudi Green Initiative Forum to discuss efforts by the world's top oil exporter to tackle climate change in Riyadh, Saudi Arabia, October 23, 2021.

Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud reacts while he speaks during the Saudi Green Initiative Forum to discuss efforts by the world's top oil exporter to tackle climate change in Riyadh, Saudi Arabia, October 23, 2021.

REUTERS/Ahmed Yosri

Saudi Arabia wants to be the biggest supplier of hydrogen, the country's Energy Minister Prince Abdulaziz bin Salman al-Saud said on Sunday.

The world's biggest oil exporter intends to produce and export something within the neighborhood of about 4 million tons of hydrogen by 2030, the minister added.

The chief executive of Aramco, Amin Nasser, said earlier this year the Saudi Arabian state oil producer is looking for off-take agreements for hydrogen in its key markets to expand its output and sees strong potential for growth.

There are growing international calls for reductions in fossil-fuel investment and for the focus to shift towards renewable energy sources.

The minister also said the kingdom plans to manufacture electric cars.

(Reporting by Saeed Azhar and Yousef Saba; writing by Shakeel Ahmad; Editing by Hugh Lawson)


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