China’s Envision is investing in green ammonia
Letter on hydrogen: Two-tier market
The rapid development of world-leading projects in China and Saudi Arabia points to an emerging east-west divide in the global green hydrogen sector
Saudi Arabian renewables developer ACWA Power has signed up Chinese oil company Sinopec to engineer and build the world’s largest integrated green hydrogen and ammonia project in the port city of Yanbu on the Kingdom’s Red Sea coast. The project, under development by ACWA and German energy firm EnBW, is expected to produce 400,000t/yr of green hydrogen and 2.8mt/yr of green ammonia, with commercial operations scheduled to start in 2030, Sinopec said in late August. ACWA’s doubling down on green ammonia has raised eyebrows. It is already developing the $8.4b NEOM project in Saudi Arabia’s Tabuk province, which is nearing completion after a challenging process that has included big cost overru
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Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
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Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
