NEOM Green Hydrogen Company (NGHC), a joint venture between renewables developer ACWA Power, gas company Air Products, and the futuristic city project NEOM, has reached financial close on a Saudi green hydrogen plant with US$8.4 billion.
The company also said it concluded a $6.7 billion agreement with Air Products (APD.N) for the plant's engineering, procurement, and construction (EPC).
https://twitter.com/IDoulis/status/1661044557738397697
The company secured an exclusive 30-year off-take agreement with Air Products for all the green ammonia it will produce.
Hailed as the world’s “largest” carbon-free green hydrogen plant, the project will produce up to 600 tonnes per day of hydrogen by the end of 2026.
It will be powered by up to 4GW of solar and wind power to produce the green hydrogen which will then be used to produce green ammonia.
Located in the northwest of Saudi Arabia, in Oxagon – the region where NEOM is being built – the project has secured th...