NEOM Green Hydrogen Plant – Saudi Arabia

About This Project

Construction equity in NEOM's 4 GW green hydrogen and ammonia mega-project — the NEOM Green Hydrogen Company (NGHC), a joint venture between ACWA Power, Air Products, and NEOM. The plant uses 4 GW of solar and wind power to electrolyze 650 tonnes of green hydrogen per day, converted to 1.2 million tonnes of green ammonia per annum for export. Air Products holds a 30-year exclusive off-take agreement. The project is backed by $8.4B in project finance from a consortium of 23 international banks including HSBC, Standard Chartered, and BNP Paribas.

Executive Summary

4 GW electrolysis, 650 t/day green H₂, 1.2 Mt/yr ammonia. ACWA/Air Products/NEOM JV. 30-yr Air Products offtake. $8.4B project finance.