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

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