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Saudi Aramco: Goal to Produce 11 Mln Tons of Blue Ammonia Remains Unchanged

Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)
Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)
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Saudi Aramco: Goal to Produce 11 Mln Tons of Blue Ammonia Remains Unchanged

Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)
Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)

Saudi Aramco has clarified that the reports claiming it was pausing blue hydrogen plans are inaccurate.

The company’s goal of producing up to 11 million tons of blue ammonia, a carrier of blue hydrogen, by 2030 remains unchanged, it said in a statement on Thursday.

"Aramco continues to work with potential customers and other stakeholders around the world and is making real progress across the blue hydrogen value chain.”

“This includes receiving the world’s first independent certification with Sabic for blue ammonia and blue hydrogen production, as well as delivering three shipments of blue ammonia to customers in Asia," the statement added.

Meanwhile, Saudi Aramco is pushing back a planned Riyadh initial public offering of its energy-trading business, people with knowledge of the matter told Bloomberg.

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Brazil President Signs Law Authorizing Offshore Wind Development

Brazilian President Luiz Inacio Lula da Silva attends an event marking two years since the alleged coup attempt when supporters of former President Jair Bolsonaro invaded government buildings and called for a military intervention, in Brasilia, Brazil, Wednesday, Jan. 8, 2025. (AP)
Brazilian President Luiz Inacio Lula da Silva attends an event marking two years since the alleged coup attempt when supporters of former President Jair Bolsonaro invaded government buildings and called for a military intervention, in Brasilia, Brazil, Wednesday, Jan. 8, 2025. (AP)
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Brazil President Signs Law Authorizing Offshore Wind Development

Brazilian President Luiz Inacio Lula da Silva attends an event marking two years since the alleged coup attempt when supporters of former President Jair Bolsonaro invaded government buildings and called for a military intervention, in Brasilia, Brazil, Wednesday, Jan. 8, 2025. (AP)
Brazilian President Luiz Inacio Lula da Silva attends an event marking two years since the alleged coup attempt when supporters of former President Jair Bolsonaro invaded government buildings and called for a military intervention, in Brasilia, Brazil, Wednesday, Jan. 8, 2025. (AP)

Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.

The new law foresees incentives for the development of offshore energy projects in Brazilian territorial waters, the statement said.

Offshore wind speeds tend to be faster and steadier than on land, a potential advantage compared with wind farms built on a continent. But offshore wind farms can be expensive, difficult to build and potentially affect marine animals and birds, according to the American Geosciences Institute.

The Brazilian government said the law provides guidelines for projects and restoration of explored areas, in addition to requiring prior consultations with affected communities to ensure "respect for traditional maritime practices and local culture."

More than 80% of Brazil's electricity comes from renewable sources, mainly hydroelectric, according to government data.

The president vetoed provisions in the law, introduced during the congressional debate, which would maintain incentives for "more polluting, expensive and inefficient energy sources such as thermoelectric, coal and gas plants," the statement said.