The Clap
Saudi Aramco (2222) and SABIC Agri-Nutrients (2020) revealed that Lotte Fine Chemical received the world’s first commercial shipment of clean “blue” ammonia.
What
The shipment docked in the port of Ulsan, South Korea, and is the first of its kind in developing carbon-neutral solutions in KSA because clean (blue) ammonia is a lower-carbon alternative to traditional gray ammonia.
So What
Saudi Energy Minister Prince Abdulaziz bin Salman said that KSA aims to become the world’s largest exporter of clean hydrogen products by 2030, through joint efforts by Saudi Aramco and SABIC
He added that Saudi Arabia has large reserves of natural gas and abundant renewable energy sources, enhancing the country’s ability to produce clean hydrogen at a competitive cost, which is then easily converted into ammonia.
Aramco and SABIC Agri-Nutrients announced last August that they obtained the first independent certificates in the world recognizing the production of blue hydrogen and blue ammonia.
Now What
SABIC (2010) owns 50.1% of the shares of SABIC Agri-Nutrients, while the rest belongs to the private sector and citizens.
