VIDEO: Amin Nasser on the potential of the hydrogen economy
Aramco president and CEO discusses our readiness to support blue hydrogen production.
Hydrogen’s role in our long-term strategy
The 24th Nikkei Global Management Forum
Amin Nasser, Aramco president and CEO
We have adopted a multi-track approach where energy security, sustainability, and adequacy are part of our long-term focus and strategy.
We are looking at blue hydrogen and working with partners in Japan and South Korea for offtake agreements for our blue hydrogen.
There are two key factors required to build a blue hydrogen and blue ammonia business. One, you need to have ample and competitive gas resources, and two, you need large CO2 sequestration potential; basically a geological cap to store that CO2.
In the Kingdom and Saudi Aramco, we have both.
We have a strategic interest to be a major player in the hydrogen economy and the value chain.