NEOM Green Hydrogen Company Closes on $8.4 Billion for World’s Largest Carbon-Free Green Hydrogen Plant

NEOM Green Hydrogen Company (NGHC), an equal joint venture between ACWA Power, Air Products, and NEOM, has achieved financial close on the world’s largest green hydrogen production facility, which will produce up to 600 tonnes per day of carbon-free hydrogen, in the form of green ammonia, by the end of 2026. The project is being financed with $6.1bn non-recourse financing from 23 local, regional, and international banks and financial institutions. NGHC has secured an exclusive 30-year off-take agreement of all produced green ammonia with Air Products. The project will pave the way for the large-scale adoption of green hydrogen, while driving Saudi Vision 2030’s sustainable development goals.



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