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June 15, 2024
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Saudi Arabia Kicks Off $8.4 billion Green Hydrogen Project

Saudi Crown Prince MBS has started construction on the world’s largest green hydrogen project, which will power the Neom city. The $8.4 billion plant will produce a whopping 25 tons of hydrogen every hour.

The green hydrogen project in Saudi Arabia is imperative to realizing Crown Prince MBS’s sustainability vision for Neom.

Touted to be the world’s largest hydrogen plant, it is now formally under construction and is expected to be completed by the end of 2026.

The CEO of Neom Green Hydrogen Co., Wesam Al-Ghamdi, revealed that the construction of the plant in the floating port “Oxagon” is advancing significantly.

Al-Ghamdi highlighted recent developments such as the procurement of initial supplies, installation work, and the expectation of more deliveries this year.

The CEO reaffirmed that he aims for significant construction progress this year, gearing up for full operations by 2026.

An incredible $8.4 billion in funding has accelerated construction, with the ultimate aim of producing 4 million tons of clean hydrogen annually by 2030.

Once completed, the hydrogen plant will deliver 600 tons of carbon-free hydrogen daily, enough to power around 20,000 hydrogen buses. This news fuels hope for those eager to see Neom City shape up as planned.

Only last month, for the first time, Neom City canceled a project—the $1.5 billion desalination plant that was to deliver 30% of the water for the gigaproject. However, with the hydrogen plant showing progress, there is still hope for other projects to fall in line.

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