The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International
Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5bn project in NEOM by 2026, according to Peter Terium, the head of energy and water for the new region. Engineers have finished flattening the site in north-western Saudi Arabia and US-based Air Products & Chemicals will soon begin building the facility, he said.
“There’s a potential competition between Europe, Japan, South Korea and some parts of the US,” said Terium. Shipments will be sold “to those who bid the highest price.”
The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International, a Saudi utility. Green hydrogen is manufactured with renewable energy.
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