Saudi Arabia's Neom Green Ammonia and Hydrogen Project Nearing Completion
Key Ideas
- Saudi Arabia's Neom project, in partnership with Air Products, is 80% complete, focusing on green ammonia and hydrogen development.
- Air Products plans to shift its offtake focus from the Saudi Neom project to green ammonia sales.
- The construction of the $8.4 billion green ammonia and hydrogen plant at Neom in northwest Saudi Arabia is progressing at full speed.
- TotalEnergies and Air Products have entered a 15-year agreement for the supply of 70,000 mt/year of green hydrogen in Europe.
The Neom project in Saudi Arabia, in partnership with Air Products, is making significant progress with its green ammonia and hydrogen development, currently 80% complete. Air Products has announced its intention to shift the focus of its offtake from the Neom project to green ammonia sales. Additionally, construction is in full swing for the $8.4 billion green ammonia and hydrogen plant at Neom in northwest Saudi Arabia. In another significant development, TotalEnergies and Air Products have signed a 15-year agreement for the supply of 70,000 metric tons per year of green hydrogen in Europe. These advancements highlight the growing investment and focus on green energy initiatives, particularly in the ammonia and hydrogen sectors, indicating a positive outlook for the future of sustainable energy production and consumption.