Aramco to build Saudi Arabia’s first hydrogen fuel cell filling station

A computer generated image of Saudi Arabia's first hydrogen fuel cell filling station. (Supplied)
Updated 25 January 2019
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Aramco to build Saudi Arabia’s first hydrogen fuel cell filling station

  • Deal struck with US=based Air Products
  • Operational by second quarter of 2019

LONDON: Saudi Aramco is set to build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia.
It follows the signing of a deal with New York-listed Air Products to establish a pilot fleet of fuel cell vehicles for which high-purity compressed hydrogen will be dispensed at the new fueling station.
The hydrogen refueling station, the first in the Kingdom, is expected to be operational in the second quarter of 2019, Aramco said in a statement on Friday.
“Hydrogen fuel cells offer an effective means for the electrification of transport while maintaining easy, 5 minute refueling and long driving ranges,” said Aramco Chief Technology Officer Ahmad O. Al Khowaiter.
“The use of hydrogen derived from oil or gas to power fuel cell electric vehicles represents an exciting opportunity to expand the use of oil in clean transport,” he added.
The hydrogen refueling station will be located within the grounds of Air Products world-class Technology Center in the Dhahran Techno Valley Science Park.
Toyota Motor Corporation will supply Toyota Mirai Fuel Cell Vehicles for testing in this pilot project. Toyota has been investing in hydrogen for over 20 years and in 2014 introduced the Mirai, its first mass-produced hydrogen fuel cell vehicle.


UK core pay growth strongest in nearly 11 years, but jobs growth slows

Data showed the unemployment rate remained at 3.8 percent as expected. (Shutterstock)
Updated 16 July 2019
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UK core pay growth strongest in nearly 11 years, but jobs growth slows

  • Core earnings have increased by 3.6 percent annually, beating the median forecast of 3.5 percent
  • The unemployment rate fell by 51,000 to just under 1.3 million

LONDON: British wages, excluding bonuses, rose at their fastest pace in more than a decade in the three months to May, official data showed, but there were some signs that the labor market might be weakening. Core earnings rose by an annual 3.6 percent, beating the median forecast of 3.5 percent in a Reuters poll of economists. Including bonuses, pay growth also picked up to 3.4 percent from 3.2 percent, stronger than the 3.1 percent forecast in the poll. Britain’s labor market has been a silver lining for the economy since the Brexit vote in June 2016, something many economists attribute to employers preferring to hire workers that they can later lay off over making longer-term commitments to investment. The pick-up in pay has been noted by the Bank of England which says it might need to raise interest rates in response, assuming Britain can avoid a no-deal Brexit. Tuesday’s data showed the unemployment rate remained at 3.8 percent as expected, its joint-lowest since the three months to January 1975. The number of people out of work fell by 51,000 to just under 1.3 million. But the growth in employment slowed to 28,000, the weakest increase since the three months to August last year and vacancies fell to their lowest level in more than a year. Some recent surveys of companies have suggested employers are turning more cautious about hiring as Britain approaches its new Brexit deadline of Oct. 31. Both the contenders to be prime minister say they would leave the EU without a transition deal if necessary. A survey published last week showed that companies were more worried about Brexit than at any time since the decision to leave the European Union and they planned to reduce investment and hiring. “The labor market continues to be strong,” ONS statistician Matt Hughes said. “Regular pay is growing at its fastest rate for nearly 11 years in cash terms and its quickest for over three years after taking account of inflation.” The BoE said in May it expected wage growth of 3 percent at the end of this year.