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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

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Saudi Arabia partners with Foxconn on new EV brand

Teslarati

Saudi Arabia’s Crown Prince Mohammad bin Salman bin Abdulaziz and Prime Minister/Chairman of the Public Investment Fund (PIF) announced the launch of Ceer, a new electric vehicle brand. Ceer will significantly contribute to Saudi’s automotive manufacturing sector. It aims to deliver the first Ceer EVs by 2025.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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IHS Markit says outlook for crude oil prices strengthens through 2021

Green Car Congress

Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

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Saudi Aramco and Air Products to build Saudi Arabia’s first hydrogen fuel cell vehicle fueling station; operational 2Q19

Green Car Congress

Saudi Aramco and Air Products signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. Saudi Aramco and Air Products will establish a pilot fleet of fuel cell vehicles for which high-purity compressed hydrogen will be dispensed at the new fueling station. —Ahmad O.

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Saudi Aramco and Linde Engineering to develop new ammonia cracking technology

Green Car Congress

Saudi Arabia-based Aramco, one of the world’s leading integrated energy and chemicals companies, and Linde Engineering, a global leader in the production and processing of gases, signed an agreement jointly to develop a new ammonia cracking technology. At an optimum Ru loading of 3% wt, catalysts with a K/Ru atomic ratio of 0.9

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Hyundai Motor and Saudi Aramco to collaborate on hydrogen, advanced non-metallic materials and future technologies

Green Car Congress

In addition to collaborating on hydrogen supply and the deployment of hydrogen refueling stations in Korea, Hyundai Motor and Saudi Aramco will grow awareness of Hyundai’s hydrogen fuel cell vehicles in the Kingdom of Saudi Arabia.