Neom on track and eyeing expansions
Four key projects now underway designed to support and accompany the flagship Neom project
The $8.4bn Neom project in Saudi Arabia is on track to start producing 1.2mt/yr of green ammonia in 2026, with the developers now starting to think about the development’s next stages. The plant will produce green ammonia from 600t/yr of green hydrogen manufactured from 4GW of renewable power, making it the biggest facility of its type in the world. The entire offtake will be lifted and sold by the US’ Air Products in a 30-year deal. Earlier this year, Saudi Arabia’s Ministry of Industry and Mineral Resources awarded its first industrial operating licence to Neom Green Hydrogen Company, a joint venture of Saudi Arabia’s Acwa Power, Air Products and Neom. The project reached financial close i
Also in this section
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV
24 April 2024
Danish firm joins growing list of European electrolyser manufacturers establishing production in US as IRA incentives prove strong draw
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