Saudi Arabia sets its sights on hydrogen export leadership

(Bloomberg) - The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change. Saudi Arabia has “ambitious” plans and “will not be challenged in its record of being the biggest exporter of hydrogen on earth,” Energy Minister Prince Abdulaziz bin Salman said at a news briefing in Riyadh. The kingdom’s large natural gas reserves enable it to produce blue hydrogen, he said, referring to a form of the fuel that’s made when gas is reformed in a process that captures the carbon dioxide byproduct. In September, the country shipped the world’s first cargo of blue hydrogen, which was converted into ammonia. Th

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