Aramco, HHIH team up on blue hydrogen, ammonia
LONDON, 14 days ago Saudi Aramco has signed a non-binding memorandum of understanding (MoU) with Hyundai Heavy Industries Holdings (HHIH) for research and development on blue hydrogen and ammonia. Through the non-commercial agreement, the two parties are seeking an opportunity to find a cooperational model for eco-friendly hydrogen and ammonia, including joint research and development. Hyundai Oilbank, the oil refinery unit of HHIH, plans to cooperate with Saudi Aramco on the realisation of a “carbon zero” process, and Korea Shipbuilding and Offshore Engineering (KSOE), the shipbuilding unit of HHIH, plans to develop the world’s first combined ship capable of carrying both liquefied petroleum gas (LPG) cargoes and captured carbon dioxide (CO2).