Shock. So it turns out that funds in futures cannot be transferred to the spot wallet at all? Only the initial capital? So what's the point of working hard in futures if you can't withdraw the profits?! 😭😭😭
☄️Saudi Arabia Is Ready To Invest Billions In Hydrogen Production
⏺The country's sovereign wealth fund, led by Crown Prince Mohammed bin Salman, has created Energy Solutions Co. to finance the production of so-called “green” hydrogen. Investment in the new project is expected to be at least $10 billion, and this amount could rise significantly depending on demand for hydrogen. Part of the investment will be carried out jointly with state oil producer Saudi Aramco.
⏺Saudi Arabia is aiming to become one of the world's largest hydrogen producers, wanting to reduce its dependence on oil sales while remaining a global energy supplier. Green hydrogen is made from water and renewable energy and is an attractive solution for countries looking to reduce emissions from energy-intensive industries.
⏺However, green hydrogen remains expensive to produce and the infrastructure to transport it is costly. Saudi Arabia is building one of the world's few large-scale green hydrogen projects, costing $8 billion. Aramco is also interested in producing blue hydrogen using fossil fuels and capturing emissions.
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