0:02
Saudi Arabia is Making Waves in the
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green energy sector with a bold 10
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billion investment in green hydrogen
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this massive commitment comes at a time
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when many projects in the industry are
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facing cancellations or adjustments due
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to significant challenges but can the
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oil Rich Kingdom transform the green
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energy landscape the green hydrogen
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industry currently faces several hurdles
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production costs remain high compared to
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natural gas-based alternatives creating
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economic barriers for large scale
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implementation this has led to a lack of
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Demand with companies like emirati
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mazdar delaying production targets and
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Australian company forew scaling back
0:40
its Ambitions despite these challenges
0:44
Saudi Arabia is making calculated moves
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to position itself as a leader in the
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green hydrogen space the country is
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already constructing a green hydrogen
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plant expected to be operational by
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2026 this project has garnered
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significant financial backing with 23
1:00
Banks agreeing to purchase the plant's
1:02
entire output indicating strong
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confidence in Saudi Arabia's approach
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for green hydrogen to become a viable
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energy option alignment with Regulators
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suppliers and customers is essential
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this often implies the need for State
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support in the form of subsidies to
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offset high production costs such
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Financial incentives could make green
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hydrogen more competitive with cheaper
1:25
yet less environmentally friendly energy
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sources however the global market for
1:31
green hydrogen remains uncertain the
1:34
absence of substantial demand is evident
1:36
as highlighted by German utility unipa
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recent decision to pause its1 billion
1:42
investment in the sector this lack of
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major customers underscores the
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difficulties in establishing green
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hydrogen as a globally traded commodity
1:51
similar to oil and gas Saudi Arabia May
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hold a Competitive Edge in the green
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hydrogen race due to its abundant solar
2:00
and strategic Financial backing by
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leveraging these advantages the country
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could potentially lower production costs
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and cultivate a more favorable Market
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environment Saudi Arabia's ambitious
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investment in green hydrogen represents
2:15
a potentially transformative step in the
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global energy landscape if successful
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their efforts could set a precedent for
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other nations driving further investment
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and innovation in the green hydrogen
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sector as the world shifts toward more
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sustainable energy sources all eyes will
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be on Saudi Arabia to see if they can
2:35
overcome the industry's challenges and
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Lead the Way in green hydrogen
2:40
production thank you for watching don't
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