Acwa Power, a Saudi Arabian energy business, intends to build up to three additional green hydrogen reactors on a par with its enormous Neom project.
Browsing: Projects
The International Energy Agency (IEA) estimates attaining net-zero targets by 2050 will require 520 million tonnes of hydrogen. This requires lots of equipment and electrolysers.
Similar to its massive project in NEOM, the business intends for ACWA Power Saudi Arabia to construct up to three additional green hydrogen plants.
The Commission welcomes the Roadmap on hydrogen standardization published today by the European Clean Hydrogen Alliance.
The Kenyan government will get 1.8 million euros (Sh244.2 million) from the European Investment Bank (EIB) for further loans to green hydrogen investors there.
In order to diversify its economy, Saudi Arabia, a major oil producer and member of the Organization of the Petroleum Exporting Countries (OPEC), is looking to add additional energy sources, such as clean fuels and renewables.
A joint declaration on hydrogen valleys titled “Moving the hydrogen economy from niche to scale” was signed by Commissioner Mariya Gabriel, Hydrogen Europe CEO Jorgo Chatzimarkakis, Hydrogen Europe Research President Luigi Crema, and S3 European Hydrogen Valleys Partnership co-leader Tjisse Stelpstra at the Repowering EU with Hydrogen Valleys event.
For the engineering, supply, and construction of the first hydrogen-powered direct reduction plant at the Duisburg location, thyssenkrupp Steel makes an order with SMS group, Düsseldorf.
Lotte Chemical has partnered with CF Industries Holdings, the largest ammonia producer in the world, to work together in the clean ammonia industry in the United States. By doing so, Lotte Chemical has secured a steady supply to provide a springboard for reviving the hydrogen economy.
The NEOM Green Hydrogen Project (NGHP), which is anticipated to be put into service in 2026, has inked financing agreements for a total investment of $8.5 billion with Saudi Arabian utility developer ACWA Power, which is partially owned by the sovereign Public Investment Fund.
