NEOM Green Hydrogen Co (NGHC) is bullish that the complex will start operations as planned in 2026, and the company is “not expecting supply chain delays” for the various components of the projects, NGHC CEO David Edmondson told Hydrogen Insight.
The project—originally announced in 2020 by NGHC’s shareholders NEOM (33.4%), Saudi renewables developer ACWA Power (33.3%) and industrial gases distributor Air Products (33.3%)—is set to bring into existence a colossal plant designed to generate green hydrogen at an unprecedented scale, intended for worldwide export in the form of green ammonia.
NEOM Green Hydrogen complex will export worldwide
NGHC CEO David Edmondson
Green hydrogen and ammonia produced at Saudi Arabia’s flagship 2.2GW complex will meet the EU’s strict criteria for renewable fuels, Edmondson added.
“It’s a high bar we’ve set ourselves, but it means we’ve got the ability to sell to most markets across the world,” he said.
“We can do investments now that we couldn’t beore,” Edmondson says, adding that the company may explore the use of power-purchase agreemenets (PPAs) “as a bolt-on to what we previously had”.
As such, which import markets Neom’s volumes will be directed to could depend more on economics than policy.
“We would expect some of the Asian [markets] to be easier to sell into, but it could still be that the premium in Europe is higher than in South Korea or Japan,” he says.
