“NEOM’s Green Hydrogen Company Reveals Completion Date for $8+ Billion Project – Al-Marsad Newspaper”

2023-05-24 18:15:34

Al-Marsad Newspaper: The head of the NEOM green hydrogen company, David Edmondson, revealed the date of completion and operation of the project, after the project received financing exceeding $8.4 billion.

He said during an interview with Al-Ikhbariya channel: “We expect that hydrogen production will be carried out at the facility, by the end of 2026, with full commercial operation.”

He continued, “We have been working on the project now for more than three years, and have worked on the ground for the past 12 months, so Green Hydrogen issued a limited notice to proceed with our product in April last year.”

He added, “With the support of shareholders, we have allocated more than $900 million in financing to date, as well as large contracts, and more than 60% of the engineering work completed.”

He concluded, “We are in a good position with the mobilization teams for the site as well as the implementation of the project.”

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