Middle East looks to channel fossil resources, petchems into energy-transition drive

A wave of low-carbon projects is building in the Middle East as the region’s energy and chemical companies push to achieve their government-prescribed net-zero goals by 2050. Many of the Middle East’s multibillion-dollar, low-carbon developments — including blue- and green hydrogen and ammonia projects — as well as major petrochemical programs will be funded by petrodollars as the financial returns…