The mega-plant of NEOM Green Hydrogen Company will combine up to 4GW of solar as well as wind energy to make up to 1.2 Million tonnes of green ammonia. This will translate to up to 600 tonnes each day of carbon-free hydrogen.
Soon, the production of green hydrogen at Saudi Arabia’s NEOM will begin.
This comes after the signing of facility agreements by NEOM Green Hydrogen Company with local, regional, and international banks. Also, a commitment letter was executed with SIDF, Saudi Industrial Development Fund.
SIDF and the National Infrastructure Fund (NIF) were significant participants in financing the largest green hydrogen production plant in the world, located in NEOM.
Through an exclusive agreement with Air Products, 100% of the global ammonia produced at NEOM will be exported to the world in the form of green hydrogen.
“NGHC has a clear purpose to harness the knowledge and vision of its partner to accelerate the global green hydrogen economy. This aligns with Vision 2030 as well as the goals of the Saudi Green Initiative,” stated David R. Edmondson (CEO of NEOM Green Hydrogen Company).
The Riyadh investment community has met recently to take an important step in achieving financial close by early 2023 to build the largest green hydrogen production facility in the world.
