NEOM Green Hydrogen Company signs facility agreements
SUMMARY
The company is developing a green hydrogen plant in Neom, Saudi Arabia.
By Shardul SharmaPOSTED IN:
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.
