Aramco signs definitive agreements to acquire 50% stake in Air Products Qudra's Blue Hydrogen Industrial Gases Company
Acquiring Company
Aramco
Acquired Company
Air Products Qudra
DhahranEnergyOil And GasEnergyOil And GasRenewable EnergyDescription
Aramco, one of the world's leading integrated energy and chemicals companies, has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). This strategic move is in line with Aramco's efforts to develop a lower-carbon hydrogen business and expand its portfolio of alternative energy solutions.
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Frequently asked
Who acquired Air Products Qudra?
Air Products Qudra was acquired by Aramco, based in Dhahran. The deal was reported on July 16, 2024. As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. Aramco is privately held and operates in Energy.
When did Aramco acquire Air Products Qudra?
Aramco's acquisition of Air Products Qudra was reported on July 16, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Air Products Qudra do?
Air Products Qudra (APQ) is the leading development and investment company in the Middle East and was formed as a joint venture between Air Products and Qudra Energy, a subsidiary of Vision Invest. It is privately held, operating in Energy.
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