Saudi Arabia to Start Building Green Hydrogen Plant in Neom - Bloomberg
Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years.
The kingdom is on track sell carbon-free hydrogen from a $5 billion project in Neom by 2026, according to Peter Terium, the head of energy and water for the new region. Engineers have finished flattening the site in northwestern Saudi Arabia and U.S.-based Air Products & Chemicals Inc. will soon begin building the facility, he said.
There will probably be demand from companies from Asia to the U.S. for the exports, Terium, who used to be chief executive officer of Germany’s RWE AG, said in an interview. Hydrogen is seen as pivotal for the transition to cleaner forms of energy.
“There’s a potential competition between Europe, Japan, South Korea and some parts of the U.S.,” said Terium. Shipments will be sold “to those who bid the highest price.”
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