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    NEOM Green Hydrogen Company signs facility agreements

Summary

The company is developing a green hydrogen plant in Neom, Saudi Arabia.

by: Shardul Sharma

Posted in:

Middle East, Top Stories, Topics, Saudi Arabia, News By Country

NEOM Green Hydrogen Company signs facility agreements

NEOM Green Hydrogen Company (NGHC) on December 18 announced the signing of agreements with various banks along with the execution of a commitment letter with the Saudi Industrial Development Fund (SIDF) for a green hydrogen project located in Neom, Saudi Arabia.

NGHC’s plant will integrate up to 4 GW of solar and wind energy to produce up to 1.2mn metric tons of green ammonia translating to up to 600 metric tons/day of carbon-free hydrogen.

Once the plant at NEOM is operational by 2026, 100% of the green hydrogen produced will be available for global export, in the form of ammonia, through an exclusive long-term agreement with Air Products, NGHC said.

NGHC is an equal joint venture created by ACWA Power, Air Products and NEOM.