World class industrial gas production facilities and distribution networks are set to be established in the industrial cities of Royal Commission as part of a new deal.
The Royal Commission for Jubail and Yanbu and Air Products Qudra signed a Memorandum of Understanding (MoU) which sets out preliminary framework details to establish a hydrogen refuelling economy in the Kingdom, achieve higher values for off-gases, introduce new technologies to convert low-value feedstocks into high-value products, establish a helium recovery network, and expand the carbon-dioxide capture and re-use economy in the Kingdom of Saudi Arabia.
The MoU supports the Royal Commission’s strategy to promote direct investments, diversify and enhance the Kingdom’s economy, improve the services to its clients to help improve their business performance, and maximise localisation within the Kingdom of Saudi Arabia.
Air Products Qudra is a regional development and investment joint venture between Air Products and Qudra Energy, a subsidiary of Vision Invest.
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