FID on the Neom project is expected this year
Acwa eyes third green ammonia mega-project
North Africa among potential locations for another development based on Neom concept, Saudi developer’s hydrogen chief tells Hydrogen Economist
Saudi government-affiliated Acwa Power aims to develop a third large-scale green ammonia production facility based on the concept used for its existing projects in Saudi Arabia and Oman, according to the company’s global head of hydrogen Andrea Lovato. The next project is expected to be in one of the regions where Acwa is already present—which include northern and southern Africa and the Mideast Gulf region. “The aim for us is to replicate the [Neom] concept and reduce the cost,” Lovato told Hydrogen Economist on the fringes of the Energy Intelligence Forum in London. “It should be in a region where these is combined solar and wind, and being close to Europe is better.” FID on the $5bn Neom
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