Al-Rumayyan: Aramco will be among largest investors in blue hydrogen – Saudi Gazette

Al-Rumayyan: Aramco will be among largest investors in blue hydrogen – Saudi Gazette

Saudi Gazette reportDUBAI — Governor of Saudi Public Investment Fund (PIF) and Chairman of Saudi Aramco Yasir Al-Rumayyan said that Saudi Aramco will be one among the largest investors in the production of blue hydrogen, which reduces carbon emissions.“Carbon sequestration is also one of the methods that helps in bringing down emissions and we want to reach carbon zero as quickly as possible,” he said while addressing a dialogue session at the Saudi Green Initiative 2023 Forum in Dubai on Monday.“Saudi Aramco and Saudi Arabia have begun to take steps in the field of green hydrogen production, and all countries must deal in a realistic and practical manner with this issue, and find solutions that guarantee a better life for our children and grandchildren in the future,” he said.Al-Rumayyan emphasized that the PIF has conducted a complete assessment of the level of emissions related to its various activities to reach carbon zero in 2050. “The Public Investment Fund was one of the first sovereign funds in the world to issue green bonds, the value of which was $8.5 billion, and the Fund invested in a company such as AquaPower, which is one of the largest companies investing in renewable energy