Air Products, ACWA Power and NEOM join forces for green hydrogen venture
Published by Sarah Smith,
Assistant Editor
Hydrocarbon Engineering,
Air Products, in conjunction with ACWA Power and NEOM, has announced the signing of an agreement for a US$5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be equally owned by the three partners, will be sited in NEOM, a new model for sustainable living located in the north-west corner of the Kingdom of Saudi Arabia, and will produce green ammonia for export to global markets.
The joint venture project is the first partnership for NEOM with leading international and national partners in the renewable energy field and it will be a cornerstone for its strategy to become a major player in the global hydrogen market. It is based on proven, world-class technology and will include the innovative integration of over 4 GW of renewable power from solar, wind and storage; production of 650 tpy of hydrogen by electrolysis using thyssenkrupp technology; production of nitrogen by air separation using Air Products technology; and production of 1.2 million tpy of green ammonia using Haldor Topsoe technology. The project is scheduled to be onstream in 2025.
Air Products will be the exclusive off-taker of the green ammonia and intends to transport it around the world to be dissociated to produce green hydrogen for the transportation market.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/08072020/air-products-acwa-power-and-neom-join-forces-for-green-hydrogen-venture/
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