Baker Botts Wins Energy/Infrastructure Team of the Year Award for NEOM Green Hydrogen Project
Key Ideas
- Baker Botts awarded Energy/Infrastructure Team of the Year at Legal Business Awards for their work on the NEOM Green Hydrogen Project in Saudi Arabia.
- The project, valued at USD 8.4 billion, is the world's largest carbon-free hydrogen production plant focused on green ammonia production.
- The team's innovative approach in structuring contracts and securing project finance was key to the project's success.
- The winning team included lead partner Stuart Jordan and other key members from various offices around the globe.
Baker Botts, a prominent international law firm, was honored with the Energy/Infrastructure Team of the Year award at the Legal Business Awards in London for their exceptional work on the NEOM Green Hydrogen Project in Saudi Arabia. The project, spearheaded by NEOM Green Hydrogen Company, aims to establish the world's largest carbon-free hydrogen production plant with a significant investment of USD 8.4 billion to produce green ammonia at scale. This initiative is a crucial part of the NEOM development under the Saudi 2030 Vision. Baker Botts' team, led by Stuart Jordan, demonstrated innovation in structuring contracts and ensuring non-recourse project finance, deviating from standard practices to address key issues effectively. The team's success was attributed to their ability to create bankable solutions while advising Air Products on various aspects of the project. The awarded team, comprising legal experts from different global offices, exemplifies the firm's commitment to providing creative legal solutions in the energy, technology, and life sciences sectors.