NEOM accelerates progress towards green hydrogen future

NEOM accelerates progress towards green hydrogen future

- Located in Oxagon, the NEOM Green Hydrogen Company (NGHC) facility will be the largest commercial-scale green hydrogen production facility in the world, with initial production of up to 600 tonnes of green hydrogen per day, saving 5 million tons of CO2 annually.

- Development will pave the way to meet the economic diversification and clean energy visions of HRH Crown Prince Mohammed bin Salman

- NGHC announces SAR 31.5 billion investment for the creation of this cutting-edge facility, including SAR 22.9 billion from financing providers

NEOM, Kingdom of Saudi Arabia – NEOM, the sustainable regional development in northwest Saudi Arabia, has outlined a clear path towards the at-scale production of green hydrogen in NEOM for the global market, playing a key role to meet His Royal Highness Crown Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the NEOM Company Board of Directors’ vision to diversify the economy and pave the way for the Kingdom’s plan to reach net zero emissions by 2060.

The NEOM Green Hydrogen Company (NGHC) facility being built in Oxagon is set to be the world’s largest commercial-scale green hydrogen production facility in the world. Once operational in 2026, it will produce an initial 600 tonnes of