Saudi-China Collaboration in the Context of a Circular Carbon Economy: Priorities and Opportunities in the Globalization of Hydrogen Markets

King Abdullah Petroleum Studies and Research Center
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King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Developing clean hydrogen industries and markets are strategically crucial for Saudi Arabia and China to achieve their net-zero climate goals. Saudi Arabia has made significant progress in hydrogen development from extraction to commercialization. Different options for galvanizing clean hydrogen production are being explored, with the goal of reaching four million tons of clean hydrogen annually by 2030, most of which will be exported to major energy consumers in East Asia and Europe. China is the world’s largest producer and consumer of hydrogen. The construction of an integrated hydrogen industry by 2035 will promote the use of hydrogen across the transportation, energy storage, and industrial sectors.

Keywords: Belt and Road; Capital expenditure; Circular Carbon Economy (CCE); CO2 emissions (search for similar items in EconPapers)
Pages: 20
Date: 2024-02-25
New Economics Papers: this item is included in nep-ara, nep-cna and nep-ene
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https://www.kapsarc.org/research/publications/saud ... of-hydrogen-markets/ First version, 2024

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Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2024-wb01

DOI: 10.30573/KS--2024-WB01

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