Latest news with #NGHC
Miami Herald
6 days ago
- Business
- Miami Herald
Images Show Power Plant Nears Completion at World's Biggest Construction Site
Images shared by Neom's Green Hydrogen Company (NGHC) show the world's largest green hydrogen plant nearing completion in Saudi Arabia and the company said it was now 80 percent complete. Newsweek has sought comment from Neom, the world's biggest construction project. Neom's plant is designed to support Saudi Arabia's Vision 2030 ambition to drive economic diversification away from oil and gas and with a view to taking leadership in renewal energy. It is part of the overall Neom project, which is a centerpiece of Crown Prince Mohammed bin Salman's plans for Saudi Arabia. Some of Neom's projects have experienced delays and budget overruns, with a newly appointed leader now tasked with steering the initiative back on course. The completion of the green hydrogen plant would be a significant milestone. "Construction has now reached 80% completion across all our sites: the green hydrogen facility, wind garden, solar farm, and transmission grid," NGHC announced on its social media accounts. Covering an area of over 300 square kilometers (about 116 square miles), the plant aims at producing up to 600 tonnes of carbon-free hydrogen per day. The company said major equipment including wind turbines, electrolysers and hydrogen storage vessels are currently being installed. Hydrogen can be used as a carbon-free alternative to fossil fuels. Green hydrogen is a form that has been produced using renewable energy to split it from the oxygen in water. Most hydrogen is currently produced using fossil fuels. Back in 2023, Neom said its plant was expected to be fully operational by 2026, with all of the green hydrogen produced to be globally exported as green ammonia although Bloomberg recently reported that it has struggled to find international buyers for its fuel. The estimated $8.4 billion project is a joint venture between Neom, U.S.-based industrial gases company Air Products, and ACWA Power, a Saudi renewable energy firm backed by the country's sovereign wealth fund. Despite its message on the environment, Neom's projects have faced criticism given that the massive city is being built in the desert and is set to include artificial lakes, a ski resort and industrial zones. NHGC on LinkedIn: "We are building the world's largest green hydrogen plant at Oxagon in NEOM— and we're on track to deliver." Roxana Shafiee, a postdoctoral fellow at the Harvard University Center for the Environment, as quoted by the Harvard Gazette in 2024: "Even if production costs decrease in line with predictions, storage and distribution costs will prevent hydrogen being cost-competitive in many sectors. Our results challenge a growing idea that hydrogen will be the 'Swiss army knife of decarbonization' and suggest that the opportunities for hydrogen may be narrower than previously thought." The company said 4 GW of solar and wind power generation is scheduled for completion by mid-2026 while the first ammonia product is expected to become available in 2027. Related Articles New Progress Report From World's Biggest Construction ProjectWill Saudi Arabia's Alcohol Ban be Lifted? Reports Prompt Flare-UpNew Boss Named for World's Biggest Construction ProjectSatellite Images Show Desert Ski Resort at World's Biggest Construction Site 2025 NEWSWEEK DIGITAL LLC.
Newsweek
6 days ago
- Business
- Newsweek
Images Show Power Plant Nears Completion at World's Biggest Construction Site
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Images shared by Neom's Green Hydrogen Company (NGHC) show the world's largest green hydrogen plant nearing completion in Saudi Arabia and the company said it was now 80 percent complete. Newsweek has sought comment from Neom, the world's biggest construction project. Why It Matters Neom's plant is designed to support Saudi Arabia's Vision 2030 ambition to drive economic diversification away from oil and gas and with a view to taking leadership in renewal energy. It is part of the overall Neom project, which is a centerpiece of Crown Prince Mohammed bin Salman's plans for Saudi Arabia. Some of Neom's projects have experienced delays and budget overruns, with a newly appointed leader now tasked with steering the initiative back on course. The completion of the green hydrogen plant would be a significant milestone. Drag slider compare photos What To Know "Construction has now reached 80% completion across all our sites: the green hydrogen facility, wind garden, solar farm, and transmission grid," NGHC announced on its social media accounts. We are building the world's largest green hydrogen plant at @NEOMOxagon in NEOM— and we're on track to deliver. Construction has now reached 80% completion across all our sites: the green hydrogen facility, wind garden, solar farm, and transmission grid. Milestone equipment,… — NEOM Green Hydrogen Company (@NGHC_) June 2, 2025 Covering an area of over 300 square kilometers (about 116 square miles), the plant aims at producing up to 600 tonnes of carbon-free hydrogen per day. The company said major equipment including wind turbines, electrolysers and hydrogen storage vessels are currently being installed. Hydrogen can be used as a carbon-free alternative to fossil fuels. Green hydrogen is a form that has been produced using renewable energy to split it from the oxygen in water. Most hydrogen is currently produced using fossil fuels. Back in 2023, Neom said its plant was expected to be fully operational by 2026, with all of the green hydrogen produced to be globally exported as green ammonia although Bloomberg recently reported that it has struggled to find international buyers for its fuel. The estimated $8.4 billion project is a joint venture between Neom, U.S.-based industrial gases company Air Products, and ACWA Power, a Saudi renewable energy firm backed by the country's sovereign wealth fund. Despite its message on the environment, Neom's projects have faced criticism given that the massive city is being built in the desert and is set to include artificial lakes, a ski resort and industrial zones. What People Are Saying NHGC on LinkedIn: "We are building the world's largest green hydrogen plant at Oxagon in NEOM— and we're on track to deliver." Roxana Shafiee, a postdoctoral fellow at the Harvard University Center for the Environment, as quoted by the Harvard Gazette in 2024: "Even if production costs decrease in line with predictions, storage and distribution costs will prevent hydrogen being cost-competitive in many sectors. Our results challenge a growing idea that hydrogen will be the 'Swiss army knife of decarbonization' and suggest that the opportunities for hydrogen may be narrower than previously thought." What Happens Next The company said 4 GW of solar and wind power generation is scheduled for completion by mid-2026 while the first ammonia product is expected to become available in 2027.
Zawya
6 days ago
- Business
- Zawya
NEOM green hydrogen project work on schedule; first ammonia production in 2027
The mega NEOM's green hydrogen project remains firmly on schedule, with 4 gigawatts (GW) of solar and wind power generation set for completion by mid-2026. This will be followed by the commissioning of the electrolysers, with the first ammonia production in 2027, NEOM Green Hydrogen Company (NGHC) said in a construction update on its website. The company said 80 percent of the construction work has been completed across all sites, including the green hydrogen facility, wind garden, solar farm, and transmission grid. 'Milestone equipment is now being received and installed, including wind turbines, hydrogen storage vessels, electrolysers, the cold box, and pipe rack,' the update said. An equal joint venture between ACWA Power, Air Products, and NEOM, NGHC's world-scale plant will integrate up to 4 GW of solar and wind energy to produce up to 600 tonnes per day of carbon-free hydrogen by the end of 2026 in the form of green ammonia. The company has a 30-year off-take agreement with Air Products for all the green ammonia produced at the facility. In May 2023, NGHC achieved a financial close of $8.4 billion, supported by a $6.1 billion non-recourse loan from 23 local, regional, and international banks and financial institutions. (Editing by Anoop Menon) (
Leaders
6 days ago
- Business
- Leaders
NEOM's Green Hydrogen Plant Nears Completion
NEOM Green Hydrogen Company (NGHC) has reached a significant milestone in its green hydrogen project at Oxagon, Saudi Arabia. This joint venture includes Saudi utility giant ACWA Power, U.S.-based Air Products, and NEOM, the developer of Saudi Arabia's ambitious smart city project. The construction has now completed 80% across all key project areas, including the hydrogen production plant, wind garden, solar farm, and transmission infrastructure. Once fully operational by the end of 2026, NGHC plans to operate the world's largest green hydrogen plant. This facility will produce up to 600 tonnes of carbon-free hydrogen daily, significantly contributing to reducing global carbon emissions. Additionally, this project supports the Kingdom's Vision 2030 ambitions, driving economic diversification and establishing global leadership in clean energy. Installation of Vital Equipment Underway The NGHC stated that installation of vital equipment is currently underway. This includes wind turbines, hydrogen storage vessels, electrolysers, cold boxes, and pipe racks—critical components needed to bring the plant into operation. The project is powered by a combination of solar and wind energy, with 4 GW of clean energy capacity targeted for completion by mid-2026. The first shipments of green ammonia—a transportable derivative of hydrogen—are projected to begin in 2027. Supporting Saudi Arabia's Vision 2030 This pioneering project directly supports the Kingdom's Vision 2030 ambitions to drive economic diversification and global leadership in clean energy. By producing up to 600 tonnes of carbon-free hydrogen daily, the facility will significantly contribute to reducing global carbon emissions. The NEOM Green Hydrogen Plant stands as a testament to Saudi Arabia's commitment to sustainable development and its role in the global transition to clean energy. Short link : Post Views: 12
Trade Arabia
07-04-2025
- Business
- Trade Arabia
NEOM Green Hydrogen announces second major recruitment drive
NEOM Green Hydrogen Company (NGHC) has announced its biggest recruitment drive for 2025, featuring a Virtual Career Fair on April 18 and 19. This initiative aims to attract top talent for its Operations & Maintenance (O&M) team which will run the world's largest green hydrogen plant located at Oxagon in NEOM. An equal joint venture between ACWA Power, Air Products and NEOM, NGHC is leading the energy transition in Saudi Arabia, setting the blueprint for operations at scale in this emerging industry. As a Saudi company with global impact, the organisation is committed to contributing to the global decarbonisation of hard-to-abate industries including heavy industry and transportation. NGHC is building a highly skilled Saudi workforce, complemented by international expertise, to ensure the capabilities needed for these critical operations. Additionally, it is collaborating with Saudi research and educational institutions to upskill Saudi youth, preparing them to join the green hydrogen and renewable energy sector. Building on the momentum of NGHC's successful 2024 recruitment drive, which attracted over 9,000 registrations in the kingdom, the 2025 campaign will expand its search, marking a strategic shift in the company's growth. As the facility progresses toward operational readiness, NGHC is now focused on building a world-class team, ready for operational excellence across key areas, most notably Operations & Maintenance. On the recruitment drive, CEO Wesam Alghamdi said: "This marks a pivotal phase in NGHC's development as we maintain our focus on attracting top talent to service this historic and one-of-a-kind operation. The professionals joining our Operations & Maintenance team will be at the forefront of the green hydrogen revolution, operating a facility that will produce 600 tonnes of carbon-free hydrogen daily when operational at the end of 2026." "This initiative reinforces our commitment to Saudi Vision 2030 and the Saudi Green Initiative's goals for economic diversification and sustainability, while positioning Saudi Arabia as a global leader in clean energy," he stated.
