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Thursday, February 29, 2024

Saudi NEOM: Air Products, concerns and viewsnote

The NEOM green hydrogen plant is owned by the NEOM Green Hydrogen Company (NGHC), a joint venture between US-based Air Products, Saudi ACWA Power, and the NEOM subsidiary of the Saudi Public Investment Fund (PIF).

Air Products is currently expressing several concerns regarding the green hydrogen facility in NEOM, as the company believes several factors may inhibit its ability to sell the hydrogen.

However, ACWA Power and the PIF have a more bullish approach regarding this issue.

The following note will shed light on the key aspects of this topic, including:

- Air Products green hydrogen concerns

- Plan to solve the issue

- Saudi views on market conditions

- Decision on who will offtake all the green hydrogen


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