Saudi Arabia Considers Establishing Facility to Produce Clean Fuel Derivatives

Dr. Zeid Al-Ghareeb, the Director General of the National Program for Hydrogen and the Circular Carbon Economy at the Saudi Ministry of Energy, speaks during the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)
Dr. Zeid Al-Ghareeb, the Director General of the National Program for Hydrogen and the Circular Carbon Economy at the Saudi Ministry of Energy, speaks during the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)
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Saudi Arabia Considers Establishing Facility to Produce Clean Fuel Derivatives

Dr. Zeid Al-Ghareeb, the Director General of the National Program for Hydrogen and the Circular Carbon Economy at the Saudi Ministry of Energy, speaks during the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)
Dr. Zeid Al-Ghareeb, the Director General of the National Program for Hydrogen and the Circular Carbon Economy at the Saudi Ministry of Energy, speaks during the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh. (Asharq Al-Awsat)

Saudi Arabia is currently considering establishing a complex to produce clean fuel derivatives from carbon dioxide and hydrogen gas, within its endeavor to reach net zero emissions in 2060.

Dr. Zeid Al-Ghareeb, the Director General of the National Program for Hydrogen and the Circular Carbon Economy at the Saudi Ministry of Energy, told Asharq Al-Awsat about his country’s intention to launch the project, as it possesses many underground reservoirs that are used to transport and capture carbon dioxide.

Green Hydrogen

In remarks on the sidelines of the Middle East and North Africa Climate Week (MENACW) 2023 in Riyadh, Al-Ghareeb described NEOM as one of the largest green hydrogen projects in the world and the first of its kind, noting that the project will open new horizons for the industry, and will produce approximately 250,000 tons of green hydrogen by 2026.

He added that the NEOM green hydrogen project, which is currently developed by NEOM, Air Products, and ACWA Power, aims to adopt the latest innovative methods to provide combined energy capacity that is equivalent to about four Gigawatts of renewable energy from solar, wind and storage.

Carbon management

The Saudi official emphasized that Riyadh aspires to shift from being the first exporter of oil to become one of the leading countries that produce renewable energy, including hydrogen, with the aim to reach zero neutrality in 2060.

In this context, the program director highlighted the most important initiatives taken by Riyadh, namely the establishment of an economic corridor linking India to the Middle East and Europe, which will enable the Kingdom to export hydrogen and clean electric energy to customers in Europe at the lowest costs.

Abundant Sources

Saudi Arabia is one of the few countries that enjoy the natural resources to produce clean hydrogen, Al-Ghareeb said, stressing that the country possesses ground reservoirs to store carbon dioxide in the process of producing blue hydrogen, in addition to natural resources from solar and wind energy, which will allow production at a much lower cost than other countries and with higher reliability.

He also revealed that the capacity of one of the largest carbon dioxide transport and storage complexes announced by Riyadh in the Saudi Green Initiative will double to reach 44 million tons by 2035.



Taiwan Holds First Tariff Talks with United States

A plane takes off above the skyline including Taipei 101 (C) in Taipei on April 11, 2025. (AFP)
A plane takes off above the skyline including Taipei 101 (C) in Taipei on April 11, 2025. (AFP)
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Taiwan Holds First Tariff Talks with United States

A plane takes off above the skyline including Taipei 101 (C) in Taipei on April 11, 2025. (AFP)
A plane takes off above the skyline including Taipei 101 (C) in Taipei on April 11, 2025. (AFP)

Taiwan officials held their first tariff talks with US officials on Friday, with both sides looking forward to further discussions soon, the island's government said on Saturday.

While Taiwan, a major semiconductor producer facing tariffs of 32%, complained they were unfair, it moved quickly to lay out proposals with the United States, offering a zero-tariff regime and greater purchases and investments in the country.

In a statement, Taiwan's Office of Trade Negotiations said its officials held a video conference with US officials whom it did not identify.

The talks focused on reciprocal tariffs between Taiwan and the United States, non-tariff barriers to trade, and a number of other economic and trade issues, including export controls, it added.

"Both sides look forward to conducting follow-up consultations ... in the near future and jointly building a strong and stable economic and trade relationship between Taiwan and the United States," it said.

The Office of the United States Trade Representative did not immediately respond to a request for comment sent outside of Washington work hours.

On Wednesday, US President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries, while further ramping up pressure on China.

Home to the world's largest contract chipmaker, TSMC, Taiwan has long sought a free trade deal with the United States, its most important international backer and arms supplier, even though the two have no formal diplomatic ties.

Taiwan faces increasing military and political pressure from its giant neighbor China, which views the democratically governed island as its own territory.

Taiwan's government rejects those claims, saying only the island's people can decide their future.