EnergySource
Jul 24, 2020
The ACWA Power–Air Products joint venture for green hydrogen: A new Saudi energy policy?
By
Jean-François Seznec and Samer Mosis
In early July 2020, the city of Neom and ACWA Power of Saudi Arabia signed a joint venture agreement with Air Products of the United States to build the largest green hydrogen and green ammonia plant in the world. As the energy transition gains speed, this announcement is a significant step forward in establishing a new role for Middle Eastern oil-exporting countries in a future global economy less dependent on hydrocarbons. That said, the scale and relative inexperience of key project partners means the project still faces an uphill battle.