Arab Press

بالشعب و للشعب
Friday, Mar 31, 2023

NEOM Green Hydrogen Company awarded first industrial operating license in Oxagon

NEOM Green Hydrogen Company awarded first industrial operating license in Oxagon

The Ministry of Industry and Mineral Resources has issued the first industrial operating license for NEOM Green Hydrogen Company (NGHC) — an equal joint venture between NEOM, ACWA Power and Air Products, based in Oxagon.
With its low-cost hydrocarbon resources and strategic location for low-cost renewable energy sources, Saudi Arabia has set out to catalyze the global hydrogen economy by becoming the world’s leading hydrogen producer, while maintaining its position as a key player in the energy sector as a whole.

NGHC will be the largest at-scale green hydrogen production company in the world based in Oxagon, home to advanced and clean industries in NEOM, with a next generation port and fully automated and integrated supply chain and logistics network. Furthermore, NGHC is a flagship green hydrogen tenant within the wider renewable energy industrial ecosystem being built at Oxagon.

It is expected that the NGHC plant will start producing green hydrogen from 100% renewable energy sources in 2026, with production of up to 1.2 million tons of green ammonia annually — a figure equivalent to 600 tons of green hydrogen per day.

This green ammonia will be exported to global markets, supporting the decarbonization of the heavy-duty transport sector aimed at reducing carbon dioxide emissions. It is estimated that as a direct impact of the plant, up to 5 million tons of CO2 will be saved per year.

Once the plant at Oxagon is operational in 2026, 100% of the green hydrogen produced by NGHC will be available for global export, in the form of green ammonia, through an exclusive long-term off-take agreement with Air Products.

Leveraging Saudi Arabia’s unique wind and solar profiles, this multi-billion-dollar plant, which will be constructed by Air Products as EPC contractor and system integrator, will run on around 4GW of wind and solar energy and produce green hydrogen using 2.2GW electrolysis technology supplied by thyssenkrupp NUCERA.

Haldor Topsoe, will provide the technology to produce the green ammonia, with Baker Hughes as the selected technology partner for hydrogen compression. Air Products will also deploy their own air separation technology.

Recently, the Ministry of Industry and Mineral Resources and the Saudi Authority for Industrial Cities and Technology Zones (Modon) signed a memorandum of understanding with Oxagon to cooperate in the implementation of the Future Factories Program. The initiative aims to build a strong technology ecosystem enabling a sustainable digital transformation of the manufacturing sector in the Kingdom by remodeling 4,000 existing factories.

Related Articles

Arab Press
Don’t Dismiss China’s Peacemaking Bid
China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “
Former Starbucks CEO Howard Schultz:
Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
Smart Iranian fashion designer teaching dummy TV anchors lesson about reality
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
If this was in Tehran, Moscow or Hong Kong
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
European MP Clare Daly condemns US attack on Nord Stream
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.
The desk of King Carlos Alberto of Sardinia has many secret compartments