RIYADH: Prince Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, said that Saudi Arabia is working with so many countries on green hydrogen and blue hydrogen.
“Easily and simply, I could say, that we will be pioneering more of that blue hydrogen and green hydrogen,” Prince Abdulaziz said.
He added that 50 percent of Saudi Arabia’s power sector fuel will be converted into gas and the rest will be coming from renewables.
“In tandem with that, we will be saving thousands and hundreds of thousands of barrels of oil that are going to waste... We have been progressively moving with our efficiency program and the efficiency program will continue,” the energy minister noted.
He pointed out that Saudi Arabia has also adopted a holistic approach along with its partners in OPEC and OPEC+, trying to mitigate the impact of the COVID-19 pandemic.
“I have to emphasize that it has been holistic approach including our partners in OPEC, OPEC+ along with our partners at the G20 for having to work with us in trying to mitigate the situation.”
“Obviously the situation is prevailing and still with us. It requires approaches with a cohesive coherent and collective efforts,” he added.
Moreover, the Kingdom is working in collaboration with international collaboration on the circular carbon economy (CCE), which will help it in two ways.
The Kingdom has a hydrocarbon sustainability program, which is to again rise up to the challenge of any potential reduction of the consumption of the conventional uses of hydrocarbon.
Elsewhere, Prince Abdulaziz said there is a great legacy of leftovers to be attended to, he said, adding “I remain cautious that we should sit, with our hands on until we are very comfortable that vaccines are spread and we go to a more way state of normalcy.
Saudi Arabia to pioneer producers of green, blue hydrogen: Energy minister
https://arab.news/vfcre
Saudi Arabia to pioneer producers of green, blue hydrogen: Energy minister
- We will be pioneering more of that blue hydrogen and green hydrogen: Prince Abdulaziz
- He added that 50% of Saudi Arabia’s power sector fuel will be converted into gas and the rest will be coming from renewables
First EU–Saudi roundtable on critical raw materials reflects shared policy commitment
RIYADH: The EU–Saudi Arabia Business and Investment Dialogue on Advancing Critical Raw Materials Value Chains, held in Riyadh as part of the Future Minerals Forum, brought together senior policymakers, industry leaders, and investors to advance strategic cooperation across critical raw materials value chains.
Organized under a Team Europe approach by the EU–GCC Cooperation on Green Transition Project, in coordination with the EU Delegation to Saudi Arabia, the European Chamber of Commerce in the Kingdom and in close cooperation with FMF, the dialogue provided a high-level platform to explore European actions under the EU Critical Raw Materials Act and ResourceEU alongside the Kingdom’s aspirations for minerals, industrial, and investment priorities.
This is in line with Saudi Vision 2030 and broader regional ambitions across the GCC, MENA, and Africa.
ResourceEU is the EU’s new strategic action plan, launched in late 2025, to secure a reliable supply of critical raw materials like lithium, rare earths, and cobalt, reducing dependency on single suppliers, such as China, by boosting domestic extraction, processing, recycling, stockpiling, and strategic partnerships with resource-rich nations.
The first ever EU–Saudi roundtable on critical raw materials was opened by the bloc’s Ambassador to the Kingdom, Christophe Farnaud, together with Saudi Deputy Minister for Mining Development Turki Al-Babtain, turning policy alignment into concrete cooperation.
Farnaud underlined the central role of international cooperation in the implementation of the EU’s critical raw materials policy framework.
“As the European Union advances the implementation of its Critical Raw Materials policy, international cooperation is indispensable to building secure, diversified, and sustainable value chains. Saudi Arabia is a key partner in this effort. This dialogue reflects our shared commitment to translate policy alignment into concrete business and investment cooperation that supports the green and digital transitions,” said the ambassador.
Discussions focused on strengthening resilient, diversified, and responsible CRM supply chains that are essential to the green and digital transitions.
Participants explored concrete opportunities for EU–Saudi cooperation across the full value chain, including exploration, mining, and processing and refining, as well as recycling, downstream manufacturing, and the mobilization of private investment and sustainable finance, underpinned by high environmental, social, and governance standards.
From the Saudi side, the dialogue was framed as a key contribution to the Kingdom’s industrial transformation and long-term economic diversification agenda under Vision 2030, with a strong focus on responsible resource development and global market integration.
“Developing globally competitive mineral hubs and sustainable value chains is a central pillar of Saudi Vision 2030 and the Kingdom’s industrial transformation. Our engagement with the European Union through this dialogue to strengthen upstream and downstream integration, attract high-quality investment, and advance responsible mining and processing. Enhanced cooperation with the EU, capitalizing on the demand dynamics of the EU Critical Raw Materials Act, will be key to delivering long-term value for both sides,” said Al-Babtain.
Valere Moutarlier, deputy director-general for European industry decarbonization, and directorate-general for the internal market, industry, entrepreneurship and SMEs at European Commission, said the EU Critical Raw Materials Act and ResourceEU provided a clear framework to strengthen Europe’s resilience while deepening its cooperation with international partners.
“Cooperation with Saudi Arabia is essential to advancing secure, sustainable, and diversified critical raw materials value chains. Dialogues such as this play a key role in translating policy ambitions into concrete industrial and investment cooperation,” she added.
