Saudi Green Hydrogen Plan Won’t Erode Oil’s Dominance

Saudi Green Hydrogen Plan Won’t Erode Oil’s Dominance

Saudi Arabia is building the world’s biggest green hydrogen facility, but oil will continue to be the kingdom’s main business after the plant starts operating in 2025. The $5 billion development will use renewable energy to produce hydrogen equivalent to as much as 15,000 barrels of oil a day, Ahmad Al-Khowaiter, chief technology officer of state energy firm Saudi Aramco, which isn’t involved in the project, said at a conference last week. The country plans to increase its production capacity for crude oil to 13 million barrels a day from 12 million.

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