Neom Green Hydrogen Co's Revolutionary Project in Saudi Arabia
Key Ideas
- The Neom hydrogen plant, set to be the world's largest, is making significant progress in its construction on the floating port 'Oxagon' in Neom.
- The project aligns with Crown Prince Mohammed bin Salman's sustainability vision for Neom, offering a glimpse into a futuristic and sustainable way of living.
- With $8.4 billion in funding, the plant aims to produce four million tonnes of clean hydrogen annually by 2030, powering around 20,000 hydrogen buses daily.
- The plant, developed jointly by ACWA Power and Air Products, is expected to be completed by the end of 2026, with ongoing procurement, installation work, and deliveries.
Wesam Al Ghamdi, the CEO of Neom Green Hydrogen Co, announced the significant progress in the construction of what is said to be the world's largest hydrogen plant located in Neom, Saudi Arabia. The plant, being built on the floating port 'Oxagon' as part of Saudi Arabia's massive $1.5 trillion Neom project, is a futuristic endeavor aimed at transforming the city into a sustainable tourist destination. The project, in line with Crown Prince Mohammed bin Salman's sustainability vision for Neom, is a beacon of innovation and energy transition. ACWA Power and Air Products are jointly developing the plant, with a target to produce four million tonnes of clean hydrogen annually by 2030. The project has received $8.4 billion in funding to accelerate construction and aims to deliver 600 tonnes of carbon-free hydrogen daily, powering a significant number of hydrogen buses. The plant is expected to be completed by the end of 2026, with continuous progress in procurement, installation work, and incoming deliveries.