Saudi Aramco, the world’s largest oil-exporting company and fertiliser producer Sabic Agri-Nutrients (Sabic AN) received the world’s first independent certificate of accreditation for producing blue hydrogen and ammonia products, as they focus on decarbonising their operations.
TUV Rheinland, an independent testing, inspection and certification agency based in Germany, awarded certificates to the two companies, they said in a joint statement on Thursday.
Sabic AN, a unit of the Middle East’s largest petrochemicals company, Sabic, was recognised for producing 37,800 tonnes of blue ammonia, while Sasref, a wholly owned refinery of Saudi Aramco, received the certificate for producing 8,075 tonnes of blue hydrogen.
“The new certifications represent another milestone for Aramco and Sabic to become global leaders in hydrogen and ammonia,” the statement said.
To certify ammonia and hydrogen as blue, a significant part of the carbon dioxide associated with the manufacturing process should be captured and utilised in downstream applications.
The demand for hydrogen continues to rise as the world focuses on cutting emissions to limit global warming.
Globally, the size of the hydrogen industry is expected to hit $183 billion by 2023, up from $129bn in 2017, according to Fitch Solutions. French investment bank Natixis estimates that investment in hydrogen will exceed $300bn by 2030.
“Sabic recognises that hydrogen will play an essential role in decarbonisation and it is part of Sabic’s overall road map toward carbon neutrality by 2050, with a 20 per cent reduction target in carbon emissions by 2030,” said Fahad Al Sherehy, Sabic's vice president of energy efficiency and carbon management.
The new initiatives will also support Saudi Arabia’s goal to become carbon neutral by 2060, he said.
Aramco recently announced it targets to produce up to 11 million tonnes per annum of blue ammonia by 2030 and is currently developing carbon capture and hydrogen capabilities. Blue hydrogen production is expected to contribute to its target to become carbon neutral by 2050.
In 2020, Aramco and Sabic also collaborated on the world's first shipment of blue ammonia, a carrier of hydrogen, from Saudi Arabia to Japan. Forty tonnes of high-grade blue ammonia was sent for use in low-carbon power generation in the Asian country.
Keane on …
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Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”
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US interest in purchasing territory is not as outlandish as it sounds. Here's a look at some big land transactions between nations:
Louisiana Purchase
If Donald Trump is one who aims to broker "a deal of the century", then this was the "deal of the 19th Century". In 1803, the US nearly doubled in size when it bought 2,140,000 square kilometres from France for $15 million.
Florida Purchase Treaty
The US courted Spain for Florida for years. Spain eventually realised its burden in holding on to the territory and in 1819 effectively ceded it to America in a wider border treaty.
Alaska purchase
America's spending spree continued in 1867 when it acquired 1,518,800 km2 of Alaskan land from Russia for $7.2m. Critics panned the government for buying "useless land".
The Philippines
At the end of the Spanish-American War, a provision in the 1898 Treaty of Paris saw Spain surrender the Philippines for a payment of $20 million.
US Virgin Islands
It's not like a US president has never reached a deal with Denmark before. In 1917 the US purchased the Danish West Indies for $25m and renamed them the US Virgin Islands.
Gwadar
The most recent sovereign land purchase was in 1958 when Pakistan bought the southwestern port of Gwadar from Oman for 5.5bn Pakistan rupees.
Jebel Ali Dragons 26 Bahrain 23
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Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
Indian origin executives leading top technology firms
Sundar Pichai
Chief executive, Google and Alphabet
Satya Nadella
Chief executive, Microsoft
Ajaypal Singh Banga
President and chief executive, Mastercard
Shantanu Narayen
Chief executive, chairman, and president, Adobe
Indra Nooyi
Board of directors, Amazon and former chief executive, PepsiCo
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UAE currency: the story behind the money in your pockets
Jetour T1 specs
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Euro 2020 qualifier
Norway v Spain, Saturday, 10.45pm, UAE