NEOM Green Hydrogen Co. (NGHC) revealed that Larsen & Toubro (L&T) has been chosen as the sub-EPC contractor for its sizable green hydrogen facility in Saudi Arabia.
Browsing: Middle east
In order to produce green hydrogen in the United Arab Emirates, Germany’s Uniper SE is collaborating with Masdar, one of the largest renewable energy companies in the Middle East.
Prince Abdulaziz bin Salman, the minister of energy, met in Riyadh with a group from the foreign affairs committee of the European Parliament, chaired by David James McEllister.
NEOM Green Hydrogen Company (NGHC) has inked credit facility agreements with local, regional, and international banks.
According to the International Energy Agency, Oman has the largest low-emission hydrogen project pipeline in the Middle East area, with an ambitious goal of exporting one million tonnes of green hydrogen annually by 2030. (IEA).
The findings demonstrate the MENA region’s immense potential and its ability to produce goods at a reasonable cost.
According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.
On the occasion of Chinese President Xi Jinping’s visit to the country, Chinese and Saudi businesses signed investment agreements for green hydrogen and solar energy.
International energy corporations have expressed a lot of interest in two green-hydrogen concessions that Oman stated will be given early in the next year and could require an investment of up to $10 billion.
By creating a new Low Carbon Solutions and International Growth vertical that will concentrate on renewable energy, clean hydrogen, and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG), and chemicals, Abu Dhabi National Oil Company (ADNOC) is accelerating operationalization of its board mandated low carbon growth strategy.
