Saudi Arabia issues licence for Neom hydrogen plant
1.2mn t/yr green ammonia complex is still scheduled for startup in 2026, although FID remains outstanding
Saudi Arabia’s Ministry of Industry and Mineral Resources has issued an industrial operating licence for Neom Green Hydrogen Company, a joint venture between government affiliated developer Acwa, US industrial gases company Air Products and state economic zone developer Neom. The $5bn green hydrogen and ammonia complex is expected to produce up to 1.2mn t/yr of ammonia, to be globally exported through an exclusive offtake agreement with Air Products. The US firm will also act as the plant’s EPC contractor and system integrator, and will deploy its air separation technology at the facility. 2026 – Planned startup for Neom project The Neom Green Hydrogen Company has also contracted Ger
Also in this section
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey