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Stuart Penson
5 October 2022
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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

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Also in this section
Neom project cost balloons to $8.5bn
3 February 2023
The three JV participants have also opted to shake up project financing, according to co-developer Air Products
Turkey outlines hydrogen plans
3 February 2023
The government prioritises replacing imported gas in the domestic energy system in a broad, heavily backloaded strategy
Equinor quits Barents Blue and Polaris
2 February 2023
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
TotalEnergies and Air Liquide launch hydrogen refuelling JV
2 February 2023
Major joins growing list of companies exploring opportunities for hydrogen in road transport

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