As anticipation mounts over the potential role that green hydrogen can play in decarbonizing the global economy, South Korea is seen as a key future consumer. As one of the largest refiners in Korea, S-Oil is a major potential customer, and with Aramco owning a 63.4% stake, the firm is optimistic that it is in pole position to secure access to Saudi green hydrogen output.

Lee Jeung-ik, new business VP at S-Oil tells the Korea Herald that “we’re maintaining close ties with each other. This will allow S-Oil to take the lead in importing green hydrogen from Aramco. To contribute to Korea’s hydrogen economy, price competitiveness is the key. By bringing Saudi Arabia’s competitive hydrogen through Aramco, S-Oil can serve as a gateway and make contributions.” (CONTINUED - 166 WORDS)