Udabur Stock：Saudi hydrogen can develop in full swing
Expert suggestions: We should continue to cultivate the domestic market
Recently, Saudi Arabia is vigorously developing low -hydrogen and zero carbon technology, which aims to gain global leadership.Although the main development goal of Saudi Arabia is exports, market participants pointed out that due to the basic cost factors and uncertainty of foreign market supervision, the Saudi government and the industry should continue to cultivate new domestic domestic domestic exports while considering large -scale exports.The market, to maximize the possibility of profitability.
As the leader of Saudi Arabia’s energy industry, Saudi Arabia is deploying considerable industrial capabilities to capture carbon to support oil production.Saudi Arabia has conducted a lot of work in carbon capture and storage (CCS), and is laying a foundation for the country’s production of a large amount of blue hydrogen and its derivatives.At the same time, Saudi Arabia is starting to deploy its huge renewable energy resources to produce a large amount of green hydrogen, which has great potential.
Saudi Arabia and their subsidiaries and partners are formulating a series of carbon capture and blue hydrogen hydrogen production plans.Saudi Arabia’s established goal is to produce 11 million tons of blue ammonia annually by 2030.The company has obtained quite rich carbon capture experience in Harvey’s CCS device in Eastern Province.Since it was put into operation in 2015, the device captured 800,000 tons of carbon dioxide from the Harvey natural gas processing plant each year. These carbon dioxide was transported to the Usmianye oil field into the ground to increase oil harvesting.
Since 2022, Saudi Arabia has cooperated with the Ministry of Energy of Saudi Arabia to plan to establish a larger CCS center.The company has signed an agreement with Linde and SLB to build the CCS center in the Jubail Industrial Zone in Saudi ArabiaUdabur Stock. It will capture carbon dioxide up to 9 million tons of carbon dioxide each year from 2027.The Jubaile CCS Center will help capture carbon dioxide from Saudi Arabia and nearby factories in the region, although it is unclear how much carbon dioxide captured by the center will be used for blue hydrogen production.
This year, Saudi Arabia also acquired a 50%shares of the Bayerer Lan Hydrogen Industrial Gas Company (BHIG) in Jubail, which made significant investments in the field of low hydrocarbon production.BHIG will deploy CCS to produce low hydrocarbons and plan to serve regional customers through pipeline network supply in the Eastern Province.The company will coordinate with Saudi Amy’s CCS activity.
Saudi Arabia’s work in CCS infrastructure construction has been supplemented by its holding subsidiary Saudi Basic Industrial Corporation (SABIC). SABIC operates a carbon capture and utilization factory in Jubaile.Set 500,000 tons of carbon dioxide.This summer, SABIC also announced that the company’s SABIC Agricultural Nutrition Corporation has obtained natural gas raw materials from the Ministry of Energy of Saudi Arabia to build a factory with a newly produced low -carbon blue ammonia in Zhubaile.SABIC’s professional knowledge in carbon dioxide use can supplement Saudi Auri’s CCS capabilities to help parent companies expand the scope of carbon dioxide, not only storage and improvement of oil harvesting.
Other Saudi workers are also ambitious entering this field, including Petrochemical Corporation SIPCHEM, which is currently undergoing front -end projects of 1.2 million tons/year blue ammonia production projectPune Investment. The engineering stage is planned to be completed early next year.
Many observers believe that low hydrogen carrocarbiated and its derivatives will become the core part of Saudi Arabia’s business, although this emerging industry is still facing unfavorable factors.Rami Shabaneh, a senior researcher at the Abdullah King Petroleum Research Center in Liade, said: "Saudi Amy’s capital expenditure has shifted more to natural gas development and low -carbon technology.Achieve its blue hydrogen target.
In 2020, Saudi Arabia and Sabic conducted a 40 -ton blue ammonia demonstration transportation to Japan for production of electric fuel.In 2022, Saudi Arabia cooperated with SABIC Agricultural Nutrition to transport 25,000 tons of blue ammonia to South Korea.These successful demonstrations may indicate the road for Saudi’s future low -carbon exports.In this regard, Shabaneh pointed out: "Saudi Arabia’s hydrogen production will expand with new demands in domestic and foreign markets. With export projects, Saudi Arabia can reach a larger market, thereby establishing a world -scale project and using scale economy.However, this is easy to be affected by external supervision, infrastructure construction, and the demand for hydrogen in the import market than expected.Therefore, the complexity of the layer, so the domestic market is very important.. In these two cases, the common ground is to ensure long -term purchase agreements to ensure cash flow. "
Regarding the Saudi hydrogen export market, the Flaunhoff System Research Institute’s senior expert Jan Frederik Braun also emphasized that the domestic industrial field of Saudi Arabia also needs to show the demand for hydrogen.He said: "People emphasize the large -profit market export hydrogen to Europe, Japan, and South Korea, and rarely emphasize business cases that strengthen the application of hydrogen applications in China and have a large number of industrial departmentsNagpur Investment. For example, the global warming control is 1.5In the case of ° C, the current 2.5 million tons/year hydrogen demand of Saudi Arabia may grow rapidly with a double -digit annual growth rate. By 2050, Saudi Arabia will become India, India, Russia, the United States and Japan afterwards.The sixth largest domestic hydrogen demand country.
(Transfer from: Sinochem New Network)
Agra Wealth Management