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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
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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.

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Saudi Aramco Launches First Direct Air Capture Test Unit

The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
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Saudi Aramco Launches First Direct Air Capture Test Unit

The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

Saudi oil giant Aramco has launched a pilot direct air capture unit able to remove 12 tons of carbon dioxide per year from the atmosphere, it said on Thursday.

The facility, developed with Siemens Energy, is Saudi Arabia's first carbon dioxide direct air capture (DAC) unit and will be used to test CO2 capture materials, Aramco said.

"The test facility launched by Aramco is a key step in our efforts to scale up viable DAC systems, for deployment in the Kingdom of Saudi Arabia and beyond," Ali A. Al-Meshari, Aramco senior vice president of technology oversight and coordination, said in Aramco's statement, Reuters reported.

"In addition to helping address emissions, the CO2 extracted through this process can in turn be used to produce more sustainable chemicals and fuels."

Aramco announced the pilot DAC unit with Siemens Energy in October 2023 and said at the time it would be completed in 2024 and was intended to pave the way for a larger pilot plant that would have the capacity to capture 1,250 tons of CO2 per year.

The state oil giant in December signed an agreement with oil services firms SLB and Linde to build a carbon capture and storage project in Jubail, Saudi Arabia. The first phase is expected to be completed by the end of 2027, capturing and storing up to 9 million tons of CO2 a year.