Acwa eyes third green ammonia mega-project
North Africa among potential locations for another development based on Neom concept, Saudi developer’s hydrogen chief tells Hydrogen Economist
Saudi government-affiliated Acwa Power aims to develop a third large-scale green ammonia production facility based on the concept used for its existing projects in Saudi Arabia and Oman, according to the company’s global head of hydrogen Andrea Lovato. The next project is expected to be in one of the regions where Acwa is already present—which include northern and southern Africa and the Mideast Gulf region. “The aim for us is to replicate the [Neom] concept and reduce the cost,” Lovato told Hydrogen Economist on the fringes of the Energy Intelligence Forum in London. “It should be in a region where these is combined solar and wind, and being close to Europe is better.” FID on the $5bn Neom

Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment