The aluminum producer is also looking to add carbon capture technology. Some of Mitsubishi Power's other projects in the Middle East include Aluminium Bahrain (Alba), where it is expanding electricity capacity at its power station 5 with 680.9 MW of hydrogen-ready gas turbines. To date, a total of 11 Mitsubishi Power gas turbines of the M501F gas turbines have been delivered to Saudi Aramco, commencing with two units for the 151-MW Berri gas plant delivered beginning in 2004. In 2023, Mitsubishi Power completed a local blade and vane service center for gas turbines at its Dammam facility. Mitsubishi Power's projects in Saudi Arabia include the 2.650 GW Jeddah South thermal power plant. Mitsubishi Power began operations in Saudi Arabia with its first supply of boilers to Aramco in Abqaiq in the 1960s. and the Saline Water Conversion Corp., according to the company. Mitsubishi Power is working in Saudi Arabia with the ministry of energy, Saudi Aramco, the Saudi Electricity Co. We need technology to lower production costs." Green hydrogen costs $400 per barrel oil equivalent, which is a high cost. "Blue hydrogen costs $200-$250 per barrel oil equivalent. "Hydrogen will undoubtedly have a role to play in the future, but not in the near future," Nasser said. New technology is needed to bring down hydrogen costs, Saudi Aramco CEO Amin Nasser said at the OPEC International Seminar in Vienna on July 5, adding that Saudi Aramco plans to produce 11 million mt/year of blue hydrogen. The kingdom is planning to convert half of its power sector to gas and the other half to renewables. The Jubail plant is expected to have a capacity to capture 44 million mt/year of CO2 by 2035. At the same time, Saudi Aramco is developing a carbon capture hub in the Red Sea-facing industrial city of Jubail as part of its plans to reach net-zero by 2050. Saudi Arabia, the world's biggest oil exporter, is investing in building a low-carbon hydrogen and ammonia industry as the kingdom plans to reach net-zero emissions by 2060. Over 2023-2050, gas will add 29 GW/year of power capacity globally while solar photovoltaic will grow by 9 TW between now and 2050, or roughly 300 GW/year, they estimate. Natural gas is increasingly seen as a flexible resource when solar or wind capacity is not available, they noted. Saudi Arabia and the UAE are the two places with the biggest ambitions."Ĭonventional thermal fuels will make up 25% of global installed power capacity by 2050, even as renewables capture some 85% of all future power generation capacity additions globally, becoming the dominant source of power by 2050, according to latest forecasts by the Global Power and Renewables service and the Clean Energy Technology service, both part of S&P Global. Definitely, the Gulf region has the largest ambition to fast track decarbonization it is the powerhouse of the energy hub globally and now aims to become the clean energy global hub, with its move into renewables and low carbon power generation. "Although the number of new power plants is smaller, they are larger in capacity. "I can tell you we have orders globally that are looking to move from gas to hydrogen, but the Middle East is at an advantage," Cavada said.
Mitsubishi Power has fully tested and validated the hydrogen technology in-house in Japan before putting it to use commercially worldwide, including in the Middle East. Some of these new power plants will require hydrogen-readiness and include an option to add carbon capture technology, Cavada said in an interview with S&P Global Commodity Insights. Receive daily email alerts, subscriber notes & personalize your experience.
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