King Abdullah Financial Center in Riyadh
Hyzon to look at hydrogen vehicle factory in Neom
Hyzon, Modern Group and Neom company will finalise plans over the next 18 months for the facility
Vehicle manufacturers Hyzon Motors and Modern Group have signed a memorandum of understanding to develop a factory to make hydrogen-powered commercial vehicles in Neom, Saudi Arabia. Neom is a planned city in northwest Saudi that the government wants to be a hub for low carbon industry and green hydrogen production. “Hydrogen is key to power heavy duty commercial transport” Knight, Hyzon Motors Hyzon, Modern Group and Neom company will finalise plans over the next 18 months for the facility, which they hope will produce 10,000 vehicles a year. “Hydrogen is a key fuel to power global heavy duty commercial transport, liberating it from dependence on fossil fuels,” says Craig Knight, CE
Also in this section
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets
11 November 2024
Midstream project linking the two regions is gaining momentum after string of MoUs and political backing
