Construction of the 2.2-GW Neom green hydrogen plant in northwestern Saudi Arabia is now 60% complete and remains on track to begin operations by the end of 2026, according to Air Products, a key co-shareholder in the project.
The US industrial gases company, which holds a 30% stake in the facility, confirmed that it has secured a long-term off-take agreement for the plant's ammonia output. This 30-year exclusive agreement ensures Air Products will purchase the ammonia, with commitments already in place for about 35% of the plant's output.
The Neom facility, which will be powered by over 4 GW of solar and wind energy, is expected to produce around 600 tonnes of green hydrogen per day.
This will translate into approximately 1.2 million tonnes of green ammonia annually, with initial deliveries slated for early 2027.
The project, which is valued at USD 8.4 billion (EUR 7.79 billion), is heavily backed by the Saudi government, with the other two major stakeholders, Neom and ACWA Power, owning the remaining two-thirds of the equity.
Ongoing discussions are also taking place with additional off-takers to secure further volumes of green hydrogen, which may exceed the plant's planned capacity.
