February 2, 2026
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HomeNEOM Green Hydrogen Project

NEOM Green Hydrogen Project

NEOM, Air Products and ACWA Power signed an agreement during July 2020 for world-scale green hydrogen based ammonia production facility powered by renewable energy.

Project location: Oxagon, NEOM

Project Investment value: USD 8.4 billion

Please refer below major milestones and Project awarding details/information:

Hydrogen

NEOM Green Hydrogen Company announces financial close of $8.4bn for World’s Largest Green Hydrogen Project

May 22, 2023 Mohammad S
NEOM Green Hydrogen Company (NGHC) announced in a statement that following signing financial documents with 23 local, regional, and international banks, and investment firms, it …
Hydrogen

L&T Signed EPC Contract for NEOM’s Green Hydrogen Project

December 22, 2022 Mohammad S
NEOM Green Hydrogen Company (NGHC), Saudi Arabia announced in a statement that signing took place between its EPC contractor & system integrator Air Products, (and joint …
Finance

NEOM Green Hydrogen Company signs facility agreements

December 21, 2022 Mohammad S
NEOM Green Hydrogen Company (NGHC), Saudi Arabia announced the signing of facility agreements with local, regional and international banks along-with execution of a commitment letter …
NEOM

Sungrow and ACWA Power Signed MOU for 536MW Energy Storage System for NEOM

December 13, 2022 Mohammad S
Sungrow, the global leading inverter and energy storage system solution supplier, and ACWA Power, leading Saudi developer, investor and operator of power generation, water desalination …
Hydrogen

NEOM’s Green Hydrogen Design awarded to Longitude

June 28, 2022 Mohammad S
Longitude Engineering, ABL Group’s engineering, advisory, and design arm, has been awarded a contract to provide engineering support to Air Products on the NEOM green …
Hydrogen

ACWA Power Announces the signing of $900m EPC contract for the NEOM Green Hydrogen Project

April 4, 2022 Mohammad S
ACWA Power Company announces the signing of the Limited Notice To Proceed (LNTP) Agreements in relation to the EPC Contract for the NEOM Green Hydrogen …
NEOM

thyssenkrupp Signs Contract to Install Over 2GW Electrolysis Plant for Air Products in NEOM

December 13, 2021 Mohammad S
Air Products announced in a statement that it has awarded thyssenkrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis …
Hydrogen

Baker Hughes to provide advanced technology for NEOM hydrogen project

June 10, 2021 Mohammad S
Baker Hughes announced in a statement that it has collaborated with Air Products to develop next generation hydrogen compression to lower the cost of production …
NEOM

NEOM signed $5 billion agreement for World’s Largest Green Hydrogen Project

July 8, 2020 Mohammad S
Air Products, in conjunction with ACWA Power and NEOM, announced in a statement, the signing of an agreement for world-scale green hydrogen based ammonia production …

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