Middle East News 247
Business Energy

Air Products plans US$5bn green fuel plant in Saudi Arabia

Air Products & Chemicals signed an accord with Saudi-based ACWA Power International and the kingdom’s planned futuristic city of Neom to develop a US$5bn hydrogen-based ammonia plant powered by renewable energy.

The project will be located at Neom on the Red Sea coast in northwestern Saudi Arabia and produce ammonia for export, according to a statement. The venture, to be equally owned by the three partners, is scheduled to begin operating in…

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