Saudi Aramco and Air Liquide Arabia have signed a long-term hydrogen supply agreement for a grassroots refinery in Yanbu’ Industrial City, on the West coast of the Kingdom of Saudi Arabia. Under the terms of this hydrogen supply agreement, Air Liquide Arabia will invest US$450 million (more than €350 million) in two global-scale hydrogen production units with total production capacity of 300,000 Nm³ per hour (262 million standard cubic feet per day).
This will be Air Liquide’s largest single industrial investment and its most significant “over the fence” hydrogen contract ever. The newly incorporated Red Sea Refining Company will process 400,000 barrels of heavy crude per day when it is completed in 2014.
This new complex will be designed and built by Lurgi, a division of Air Liquide Engineering. The project will be commissioned in 2014.
Yanbu’ is one of the three main industrial areas of Saudi Arabia and already hosts many oil processing, petrochemical and other industrial plants.