The factory is under construction in the town of “Oxagone” in the region of “Neum”.
The company has also entered into an engineering, procurement and construction (EPC) agreement with Air Products, as the contracting company to carry out this work and provide system integration at the factory in general.
The NEOM Green Hydrogen Company also announced approval from S&P Global for credit ratings, as an independent second party that provides an objective opinion of the financing structure without right of recourse, confirming the commitment of this project on the terms of green loans.
Air Products, in turn, has awarded major contracts to a number of technology and construction partners.
Additionally, NEOM Green Hydrogen has entered into an exclusive 30-year agreement with Air Products, which will purchase all of the green ammonia produced by the plant.
NEOM Green Hydrogen Company’s massive hydrogen plant, which is an equal partnership to set up a joint venture between ACWA Power, Air Products and NEOM, will produce up to 4 gigawatts of solar and wind power, which in turn will be used to produce It will reach 600 tonnes per day of decarbonated hydrogen by the end of 2026, in the form of green ammonia.
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