While Saudi Arabia continues to develop its oil industry, it is not shying away from alternative energy options, with state-owned Aramco now heavily investing in hydrogen technology. Saudi Arabia still leads the world in oil production and exports but following an International Energy Agency (IEA) report earlier this year and recent investor pressure to adopt greener practices and embrace renewable alternatives the country is looking to develop its hydrogen industry. Aramco Chief Technology Officer Ahmad Al Khowaiter explained last week, “Today we’re showing that the technologies for the use of hydrogen are mature and commercially available… and we see this kind of as an inflection point in the market for hydrogen.” The announcement comes as Saudi Crown Prince Mohammed bin Salman launched a national strategy for transport and logistics with the objective of increasing the sector’s contribution to annual non-oil revenues to $12 billion by 2030 . Most current […]