KSA: Saudi green fuel plant is on track – Gulf Digital News

KSA: Saudi green fuel plant is on track – Gulf Digital News

RIYADH: Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years.

The kingdom is on track to sell carbon-free hydrogen from a $5 billion project in Neom by 2026, according to Peter

Terium, the head of energy and water for the new region.

Engineers have finished flattening the site in northwestern Saudi Arabia and US-based Air Products and Chemicals will soon begin building the facility, he said.

There will probably be demand from companies from Asia to the US for the exports, Terium said in an interview. Hydrogen is seen as pivotal for the transition to cleaner forms of energy.

 “There’s a potential competition between Europe, Japan, South Korea and some parts of the US,” said Terium. Shipments will be sold “to those who bid the highest price.”

Saudi Arabia wants to be the world’s biggest exporter of hydrogen.

The fuel only emits water vapour when burned, making it less polluting than oil, natural gas and coal. The technology for producing it on a mass-scale is still unproven, but the market could be worth $700 billion annually by 2050 if manufacturers can bring down costs, according to