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Thursday, May 08, 2025

Saudi NEOM Green Hydrogen Project: Oversized ambitions in undersized markets?note

The NEOM green hydrogen project is facing mounting delays, with initial export targets pushed from 2026 to 2028 and beyond.

Saudi Prince Abdulaziz Bin Salman (ABS) is reassessing timelines and expectations, citing technical setbacks and market conditions.

This note explores the NEOM hydrogen project, including:

- Technical and commercial bottlenecks

- “First-mover” disadvantages

- Shifting timelines for offtake agreements

- ABS alternative strategy to save the project


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