Aramco and SABIC Agri-Nutrients Receive World’s First TÜV Certificate of Accreditation for ‘Blue’ Hydrogen, Ammonia Products

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov
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Aramco and SABIC Agri-Nutrients Receive World’s First TÜV Certificate of Accreditation for ‘Blue’ Hydrogen, Ammonia Products

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov

Aramco and the SABIC Agri-Nutrients Company (“SABIC AN”), have obtained the world’s first independent certifications recognizing “blue” hydrogen and ammonia production, Aramco said in a statement on Thursday.

The certifications were granted by TÜV Rheinland, a leading independent testing, inspection and certification agency based in Germany, to SABIC AN, in Jubail, for 37,800 tons of “blue” ammonia and to Aramco’s wholly-owned refinery (SASREF), also in Jubail, for 8,075 tons of “blue” hydrogen, said the statement.

To certify ammonia and hydrogen as “blue”, a significant part of the CO2 associated with the manufacturing process needs to be captured and utilized in downstream applications, it said.

The certifications “signify a major milestone in our efforts to develop clean energy solutions, and advance our hydrogen and ammonia export capabilities,” said Aramco Vice President of Chemicals Olivier Thorel.

“This independent recognition reinforces the work of Aramco and SABIC in decarbonizing multiple sectors, including energy, aviation, transportation chemicals and fertilizer industries.”

SABIC Agri-Nutrients CEO Abdulrahman Shamsaddin said: “We are confident of further boosting growth with our low carbon portfolio helping our fertilizers as well as chemicals customers achieve their very own sustainability ambitions.”

“We are fully aware that the current global industry challenges related to climate change and greenhouse gas emissions will require us to accelerate our pace of innovation to further strengthen our sustainability commitment. We are well positioned to move forward in this direction,” he added.

As for SABIC Vice President, Energy Efficiency and Carbon Management Fahad Al-Sherehy, he said: “To help achieve Saudi Arabia’s target for net-zero by 2060 as part of the Saudi Green Initiative, SABIC recognizes that hydrogen will play an essential role in decarbonization and it is part of SABIC’s overall roadmap toward carbon neutrality by 2050, with a 20% reduction target in carbon emissions by 2030. Furthermore, SABIC is exploring opportunities to utilize hydrogen for green chemistry to strengthen its sustainable solution offerings.”



Trump Launches His Own Meme Coin, Value Soars

US President-elect Donald Trump views fireworks at Trump National Golf Club Washington DC in Sterling, Virginia, US, January 18, 2025. (Reuters)
US President-elect Donald Trump views fireworks at Trump National Golf Club Washington DC in Sterling, Virginia, US, January 18, 2025. (Reuters)
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Trump Launches His Own Meme Coin, Value Soars

US President-elect Donald Trump views fireworks at Trump National Golf Club Washington DC in Sterling, Virginia, US, January 18, 2025. (Reuters)
US President-elect Donald Trump views fireworks at Trump National Golf Club Washington DC in Sterling, Virginia, US, January 18, 2025. (Reuters)

US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars.

In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend.

Meme coins have no economic or transactional value, and are often seen as a means of speculative trading.

"This Trump Meme celebrates a leader who doesn't back down, no matter the odds," says the coin's official site, which makes reference to the assassination attempt against the Republican in July 2024.

In the hours following the overnight launch, the crypto community posed questions about the legitimacy of the $TRUMP coin, and its actual link to the president-elect, with some fearing a scam.

But the fact that the announcements came on Trump's official social media channels seemed to reassure the market, as did the fact that Trump has used one of the companies behind the project, CIC Digital LLC, in the past to sell non-fungible tokens (NFTs).

By mid-morning on Saturday, the market capitalization for $TRUMP stood at nearly $6 billion.

Neither Trump nor the company managing the launch, Fight Fight Fight LLC, offered details about how much he made from the initial batch of meme coins released.

The coin's official site said 200 million meme coins were issued, with Fight Fight Fight saying an additional 800 million would be added over the next three years.

At the current rate, the coins not yet on the market would be worth about $24 billion.

Initially opposed to cryptocurrency, Trump made a sharp about-face during his 2024 presidential campaign, becoming a champion of the concept and promising to develop the sector, notably by loosening regulations.

Before this new announcement, businessmen linked to Trump had in October put online a crypto platform called World Liberty Financial.