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Masdar buys stake in Austria’s largest green hydrogen project | Hydrogen

UAE energy firm Masdar is raising its profile in Europe after buying a 49% stake in Austria’s largest green hydrogen project, according to agency reports. Austrian integrated energy and petrochemicals company OMV is building a 140MW electrolyser which is expected to produce up to 23,000 tonnes of green hydrogen annually, once it opens at the end of 2027, if all goes to plan. The hydrogen will be used to decarbonise the nearby OMV Schwechat refinery by replacing hydrogen currently derived from natural gas. The investment shows how global partnerships are trying to deliver green hydrogen. Masdar, which has been working on green hydrogen since 2008, aims to be a leading producer by 2030. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly… Read More »Masdar buys stake in Austria’s largest green hydrogen project | Hydrogen

Aramco secures half share of Air Products Qudra’s blue hydrogen subsidiary | Hydrogen

Energy and chemicals company Aramco has acquired a 50% stake in Air Products Qudra’s (APQ’s) blue hydrogen subsidiary in Saudi Arabia, Blue Hydrogen Industrial Gases Company (BHIG). BHIG has plans to produce blue hydrogen, produced with carbon capture, at Aramco’s carbon capture and storage (CCS) sites in the Jubail Industrial City area, offering hydrogen at scale. Ashraf Al Ghazzawi, Aramco Executive Vice-President of Strategy and Corporate Development, said the network could help the venture to capitalise on emerging opportunities in Saudi and globally. Reportedly the agreement also includes an option for Aramco to offtake nitrogen and hydrogen from BHIG. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link