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NEOM to Become Global Low-Cost Hydrogen Producer

Saudi Arabia is pushing forward to become a global leader in both producing and using hydrogen as a clean energy source. By 2026, it plans to finish building the world’s biggest green hydrogen plant in the NEOM region. This move underscores the Kingdom’s commitment to renewable energy and sustainability.

A recent book by the King Abdullah Petroleum Studies and Research Center (KAPSARC), titled “The Clean Hydrogen Economy and Saudi Arabia,” highlighted the Kingdom’s achievement of the lowest cost of electricity production from renewable sources.

The NEOM Green Hydrogen Company has made significant strides in constructing the world’s largest green hydrogen production facility in the NEOM region’s industrial city of “OXAGON.”

With an investment of $8.4 billion, this plant is set to provide clean energy on a large scale globally, marking a major milestone in sustainable energy production.

With great renewable resources, abundant cheap land, and supportive laws, NEOM has what it takes to be a global leader in low-cost hydrogen production.

Read the full story at Al Awsat

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