Gulf Green Hydrogen

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Big green hydrogen projects already under development in the Gulf Cooperation Council (GCC) have marked the start of a big movement, including Saudi Arabia’s plan to become the biggest exporter of green hydrogen, according to a joint paper by Dubai-based Dii Desert Energy and German consultancy Roland Berger. Green hydrogen developments could generate $200 billion in revenues and create up to 1 million jobs across the value chain by 2050, it finds. Last year, Saudi Arabia launched its first hydrogen plant in a deal with US’ Air Products and Saudi Acwa Power in the kingdom’s futuristic city of Neom (NE Jul.16'20). The study also recommends four key enablers for GCC countries to address to unlock green hydrogen potential, including: setting quantified targets for their strategies, building “hydrogen valleys” -- combining green hydrogen production, storage, distribution and end-use in one geographical area. Further, it recommends engaging in international and technology partnerships and enhancing capacity building programs for a qualified workforce across the wider value chain.

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