What is the total investment value of the NEOM green hydrogen project?

The NEOM green hydrogen and ammonia project represents a total investment of **$8.4 billion**. A significant portion, **$6.1 billion**, was financed through a non-recourse loan secured from 23 different local, regional, and international financial institutions.

When is the NEOM green hydrogen plant expected to become operational?

The plant completed construction and began its commissioning phase. It is slated to officially begin commercial operations in **2027**, following the completion of comprehensive testing and setup processes.

How much green hydrogen and ammonia will the plant produce annually?

Once fully operational, the facility is designed to produce up to **600 tonnes of hydrogen per day**. This will then be converted into approximately **1.2 million tonnes of green ammonia annually** for export.

Who are the key partners involved in the NEOM green hydrogen project?

The project is a joint venture under the Neom Green Hydrogen Company, formed as an equal partnership between Saudi-listed **ACWA Power**, US industrial gas supplier **Air Products**, and **NEOM** itself, which is backed by Saudi Arabia's Public Investment Fund (PIF).

What renewable energy sources will power the facility?

The plant will operate entirely on renewable power generated from a combined **4 gigawatts** of capacity. This includes **2.2 gigawatts from solar panels** and **1.6 gigawatts from wind turbines** located across the wider NEOM site.

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Market·11 August 2026

NEOM's $8.4 Billion Green Hydrogen Plant Completes Construction, Begins Commissioning

Saudi Arabia's landmark 2.2-gigawatt green hydrogen and ammonia facility in NEOM's Oxagon has finished construction and entered its commissioning phase ahead of a 2027 operational launch.

Saudi Arabia has marked a significant milestone in its clean energy ambitions with the completion of construction at the $8.4 billion NEOM green hydrogen and ammonia project. Located at Oxagon, NEOM's industrial hub on the Red Sea coast, the facility is now undergoing commissioning, preparing for its planned start of operations in 2027.

The Neom Green Hydrogen Company, the joint venture behind the project, is an equal partnership between ACWA Power, US industrial gas supplier Air Products, and NEOM, backed by Saudi Arabia's Public Investment Fund. The venture reached financial close in May 2023, securing a $6.1 billion non-recourse loan from a consortium of 23 financial institutions.

Operational Scope and Production

Designed to run entirely on renewable energy, the plant will draw power from a combined 4 gigawatts of solar panels (2.2 GW) and wind turbines (1.6 GW) located across the NEOM site. Once fully operational, the facility is slated to produce up to 600 tonnes of hydrogen daily. This hydrogen will then be converted into green ammonia, a denser and more stable carrier, for easier long-distance maritime transport.

Air Products holds an exclusive 30-year off-take agreement for all ammonia produced, which is projected to reach up to 1.2 million tonnes annually. The US firm also serves as the engineering contractor for the project.

Strategic Importance for Saudi Arabia

This megaproject is a cornerstone of Saudi Arabia's Vision 2030 economic diversification strategy, aiming to establish the Kingdom as a leading global supplier of low-carbon hydrogen and ammonia. The project's advancement contrasts with some recent adjustments to other NEOM flagship developments, underscoring its strategic priority.

Attention is now focused on the rigorous commissioning process for the electrolysers, storage units, and export infrastructure. This phase is expected to continue through the remainder of the current year and into 2027, leading up to commercial operations.

Frequently asked

Questions, answered

What is the total investment value of the NEOM green hydrogen project?: The NEOM green hydrogen and ammonia project represents a total investment of **$8.4 billion**. A significant portion, **$6.1 billion**, was financed through a non-recourse loan secured from 23 different local, regional, and international financial institutions.
When is the NEOM green hydrogen plant expected to become operational?: The plant completed construction and began its commissioning phase. It is slated to officially begin commercial operations in **2027**, following the completion of comprehensive testing and setup processes.
How much green hydrogen and ammonia will the plant produce annually?: Once fully operational, the facility is designed to produce up to **600 tonnes of hydrogen per day**. This will then be converted into approximately **1.2 million tonnes of green ammonia annually** for export.
Who are the key partners involved in the NEOM green hydrogen project?: The project is a joint venture under the Neom Green Hydrogen Company, formed as an equal partnership between Saudi-listed **ACWA Power**, US industrial gas supplier **Air Products**, and **NEOM** itself, which is backed by Saudi Arabia's Public Investment Fund (PIF).
What renewable energy sources will power the facility?: The plant will operate entirely on renewable power generated from a combined **4 gigawatts** of capacity. This includes **2.2 gigawatts from solar panels** and **1.6 gigawatts from wind turbines** located across the wider NEOM site.

Reported by

Google News — Saudi Giga-Projects

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This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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