Royal Commission for Jubail and Yanbu and Air Products Qudra (APQ) recently signed a MOU to establish world-class industrial gas production facilities and distribution networks in the industrial cities of Royal Commission.
The MOU sets preliminary framework details for APQ to establish a hydrogen fueling economy in the Kingdom, achieve higher values for off-gases, introduce new technologies to convert low-value feedstocks into high-value products, establish a helium recovery network, and expand the carbon-dioxide capture and re-use economy in the Kingdom of Saudi Arabia.
Seifi Ghasemi, Chairman for Air Products, said, “It is an honor to collaborate with the Royal Commission to explore the business case to invest, build, own and operate world-scale, transformative industrial gas facilities at Jubail and further support the creation of a world-leading downstream sector in Saudi Arabia.”
APQ has already started the plan to kick off Phase 1 investments to build world-scale industrial gas production units and distribution networks in Jubail. |