FID on the Neom project is expected this year
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
23 January 2025
Russia, Poland and Romania are the biggest players when it comes to hydrogen projects in the region
23 January 2025
The UK leads Western Europe in terms of active hydrogen project market share, but developments are planned across Italy, Spain, Portugal, the Netherlands and the Nordic countries
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
