Saudi "Neom" Signs Deals Worth $8.4 Billion

Saudi Green Hydrogen Company "Neom" has signed financial agreements with 23 local, regional, and international banks and investment companies to establish a green hydrogen production plant with a total investment value of $8.4 billion. The company stated that it has secured a $6.7 billion agreement with Air Products for engineering, procurement, and construction activities. The Neom Green Hydrogen Company, which is a partnership between Neom, ACWA Power, and Air Products, announced the financial closure for the world's largest green hydrogen plant in Neom, valued at $8.4 billion, with 23 Saudi and international banks and investment companies. The statement highlighted that Saudi "Neom," a joint project between ACWA Power, Air Products, and Neom, aims to produce 600 tons of carbon-free hydrogen daily by the end of 2026 using four gigawatts of solar energy.