Saudi Arabia to pioneer producers of green, blue hydrogen: Energy minister

Saudi Energy Minister, Prince Abdulaziz bin Salman, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021. (Reuters)
Short Url
Updated 27 January 2021
Follow

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

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 industrial output rises 8.9% in December: GASTAT 

Updated 16 sec ago
Follow

Saudi industrial output rises 8.9% in December: GASTAT 

RIYADH: Saudi Arabia’s industrial production rose 8.9 percent in December from a year earlier, driven by stronger mining and manufacturing activity, signaling continued momentum in the Kingdom’s non-oil and energy sectors. 

The Industrial Production Index reached 113.6 in December, up from 104.3 a year earlier, the General Authority for Statistics said.  

The latest IPI figures underscore continued momentum in the Kingdom’s industrial sector as Saudi Arabia pursues economic diversification under its Vision 2030 agenda. 

In its latest report, GASTAT stated: “Preliminary results indicate an increase of 8.9 percent in the IPOI in December 2025 compared to the same month of the previous year, supported by the rise in mining and quarrying activity, manufacturing activity and water supply, sewerage and waste management and remediation activities.”  

Mining and quarrying activity — the largest component of the index — increased 13.2 percent year on year after Saudi Arabia raised oil production to 10.1 million barrels per day from 8.9 million bpd a year earlier. Manufacturing expanded 3.2 percent, supported by a 13.4 percent rise in chemicals output and a 7.3 percent increase in food production. 

The sub-index of electricity, gas, steam and air-conditioning supply activity recorded an annual decrease of 2.5 percent. 

The sub-index of water supply, sewerage and waste management and remediation activities increased 9.4 percent. 

Compared to November, Saudi Arabia’s IPI recorded a marginal decline of 0.1 percent. 

On a monthly basis, the sub-index of mining and quarrying activity increased 0.3 percent. 

Manufacturing activities also rose 0.3 percent in December compared to the previous month, driven by a 2.8 percent increase in the manufacture of chemicals and chemical products. 

Compared to November, the manufacture of food products increased 9.6 percent in December. 

Overall, the index of oil activities advanced 10.1 percent year on year in December, while non-oil activities increased 5.8 percent. 

Compared to November, oil activities decreased 0.3 percent, while non-oil activities increased 0.4 percent. 

The IPI measures changes in industrial output based on the International Standard Industrial Classification framework and covers mining, manufacturing, utilities and waste management sectors.