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
25 February 2026
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
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
