NEOM’s Green Hydrogen Project is Formally Under Execution

A city in NEOM, Oxagon will be a new paradigm where people, industries and technology come together in harmony with nature
A city in NEOM, Oxagon will be a new paradigm where people, industries and technology come together in harmony with nature
TT
20

NEOM’s Green Hydrogen Project is Formally Under Execution

A city in NEOM, Oxagon will be a new paradigm where people, industries and technology come together in harmony with nature
A city in NEOM, Oxagon will be a new paradigm where people, industries and technology come together in harmony with nature

The world’s largest green hydrogen project in Saudi Arabia’s NEOM has formally entered the construction stage.

In a statement, ACWA Power said that its affiliate NEOM Green Hydrogen Co. issued a full award notice to proceed with the engineering, procurement and construction, which has been approved.

ACWA Power further pointed out that its SR1.12 billion ($300 million) contribution in the limited notice to proceed will become part of its equity contribution to the project.

The statement added that all project agreements have been signed, and partners have agreed to manage certain execution risks related to the EPC contract.

The green hydrogen facility will be based at Oxagon within the Saudi futuristic city NEOM and is due for completion by the end of 2026.



United States Imports Eggs from Korea, Türkiye to Help Ease Prices

Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
TT
20

United States Imports Eggs from Korea, Türkiye to Help Ease Prices

Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)

The United States is importing Turkish and South Korean eggs to ease an avian flu-fueled supply crunch that has pushed up prices across the country, Donald Trump’s agriculture secretary confirmed Friday.

Brooke Rollins told reporters in Washington that imports from Türkiye and South Korea had already begun and that the White House was also in talks with other countries about temporarily importing their eggs.

“We are talking in the hundreds of millions of eggs for the short term,” she added.

The cost of eggs has skyrocketed due to multiple bird flu outbreaks in the United States, forcing farmers to cull at least 30 million birds and sharply constraining supply.

On the political battlefield, egg prices became an unlikely rallying point for Trump on the campaign trail as he sought to capitalize on voters’ frustrations with the rising cost of essential items during his predecessor Joe Biden’s presidency.

After returning to office in January, Trump tasked Rollins with the job of boosting the supply of eggs, and bringing down prices.

In the weeks since, producers in several countries have reported American interest in their produce, with the Polish and Lithuanian poultry associations telling AFP that they had been approached by US diplomatic staff on the hunt for fresh eggs.

“There is a shortage of eggs in many countries,” Katarzyna Gawronska, director of the Poland’s National Chamber of Poultry and Feed Producers, said recently. “The key question would be what financial conditions would be offered by the Americans.”

Speaking to reporters on Friday, Rollins said that imports of eggs would be time-limited, and would stop once US poultry farmers were able to ramp up supply.

“When our chicken populations are repopulated and we’ve got a full egg laying industry going again, hopefully in a couple of months, we then shift back to our internal egg layers and moving those eggs out onto the shelf,” she said.