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BP exits $55b Australian green mega-project
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
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Namibia eyes diversifying energy mix as oil stalls
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Klaipeda advances ‘unique’ port project
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South Africa’s green hydrogen plans edge forward
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Oman sees green opportunities amid global trade war
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
Europe should partner with China in clean hydrogen race
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The government has ambitions to scale up production and become a major exporter by the end of the decade
The Neom project is located in Tabuk in northwest Saudi Arabia
Renewables Saudi Arabia
Tom Young
25 October 2023
Follow @PetroleumEcon
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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
BP exits $55b Australian green mega-project
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
Hydrogen leakage poses growing threat to green scale-up
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

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