Hydrogen has transformative potential as a sustainable and renewable fuel, and has a broad range of chemical and industrial purposes. International engagement with hydrogen is already underway with more than 200 large scale projects at various points of the hydrogen value chain announced globally, and a total investment pipeline of more than $300 billion.
Whilst there is a growing interest in hydrogen globally, the Middle East has some unique advantages that could allow it to become a global leader in hydrogen. Investment in green and blue hydrogen could be crucial to the Middle East transitioning to a more sustainable economy and energy market. Whilst there are major challenges to overcome, the Middle East may be in an ideal position to capitalise on the increased global focus on green hydrogen, and in the same way that the Middle East became a global leader in oil and gas, could leverage upon the existing supply chains and expertise to become a leader in hydrogen.