Hydrogen is the Middle East's next black gold | The National
Middle Eastern oil producers are making a big bet on hydrogen, the clean fuel that has been generating a lot of interest across the globe since the onset of the Covid-19 pandemic.
Hydrogen's rise as a favoured energy source in the Middle East comes on the heels of a wider global switch to a low-carbon economy. Oil exporters are preparing for a world where crude is no longer the dominant energy source and are trying to form new economies and relationships centred around cleaner fuels.
Hydrogen, the most abundant element in the universe, has rapidly become a tool for decarbonisation.
Saudi Arabia, the world's largest exporter of oil, has pledged to become the world's top exporter of hydrogen. The UAE, Opec's third-largest oil producer, is drawing up a hydrogen road map and is looking to add the fuel to its clean energy mix by 2050.
But can the region, with its abundant natural resources, recreate the economies of scale that helped to level the costs for solar energy projects globally and reap the industrial benefits of clean fuel?
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