US industrial gas firm Air Products, Saudi private energy developer Acwa Power and state development agency Neom have announced a $5bn project to produce ‘green hydrogen’ as part of the massive Neom ‘city of the future’ development on the Red Sea in northwest Saudi Arabia.
The project will be equally owned by the partners and will have capacity to produce 650 tons/day (237,000 t/y) of hydrogen by electrolysis using electricity generated from solar and wind projects. It is scheduled to start up in 2025 at the planned Neom Industrial Cluster. Annual output capacity equates to 2.84bcm (275mn cfd) of hydrogen gas. (CONTINUED - 1057 WORDS)