Saudi Arabia’s Ministry of Industry and Mineral Resources on Tuesday issued the first industrial license to NEOM Green Hydrogen Co. at OXAGON, the Saudi Press Agency reported. It is an equal joint venture between NEOM, ACWA Power, and Air Products.
The NEOM Green Hydrogen plant is expected to begin green hydrogen production using 100 percent renewables in 2026. It will produce up to 1.2 million tons of green ammonia annually, or 600 tons of green hydrogen daily. Green ammonia will be exported to global markets to support the decarbonization of the heavy transport sector.
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