Air Products says Neom is now 80% complete
Construction of the Neom project in Saudi Arabia is 80% complete, according to an update from industrial gas major Air Products.
The ambitious project comprises a green hydrogen facility, wind turbines, solar farm, transmission grid, hydrogen storage vessels, electrolysers, cold box and pipe racks. The 4GW solar and wind power generation sites are scheduled for completion by mid-2026, with the first ammonia expected to be produced in 2027.
The update follows a strategic change of direction in relation to Neom, which was set out in an earnings call last month in which Air Products recorded a $1.7bn Q2 loss.
The company is now looking to sell green ammonia from the site to fill any revenue gaps, given ongoing challenges in the green hydrogen market.
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