Empowering Sustainability: Baker Botts Supports World's Largest Green Hydrogen Project in Saudi Arabia
Key Ideas
  • Baker Botts is crucial in the development of the NEOM Green Hydrogen Project (NGHP) in Saudi Arabia, a USD 8.4 billion investment for carbon-free hydrogen production.
  • The project will focus on producing green ammonia at scale, aligning with Saudi Arabia's Vision 2030 for sustainable development.
  • The legal team at Baker Botts has played a vital role in structuring key development contracts, ensuring project success and securing non-recourse project financing.
  • Their expertise in addressing complex challenges, such as intellectual property and performance guarantees, has positioned the project for long-term success in the sustainability sector.
Baker Botts is at the forefront of supporting the NEOM Green Hydrogen Project (NGHP) in Saudi Arabia, a groundbreaking initiative set to become the world's largest carbon-free hydrogen production plant. With a significant investment of USD 8.4 billion, the NGHP aims to produce green ammonia at a scale that will contribute significantly to Saudi Arabia's Vision 2030, a roadmap for sustainable development in the country. Baker Botts has been essential in drafting and negotiating crucial development contracts, including those related to Engineering, Procurement, and Construction (EPC) and Green Ammonia Offtake agreements. Their ability to structure contracts effectively and provide innovative solutions has been instrumental in securing non-recourse project financing for this ambitious project. Moreover, the legal team has successfully navigated challenges related to intellectual property and performance guarantees, ensuring that the project aligns with the sponsors' objectives and is well-positioned for long-term success in the realm of sustainability. Baker Botts, known for its global presence and expertise in energy and technology sectors, has once again demonstrated its commitment to excellence by supporting a project that holds immense promise for advancing green hydrogen production and sustainable practices in Saudi Arabia.
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