NEOM Green Hydrogen Appoints Edmondson as CEO

NEOM Green Hydrogen Appoints Edmondson as CEO
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NEOM Green Hydrogen Appoints Edmondson as CEO

NEOM Green Hydrogen Appoints Edmondson as CEO

The Board of Directors of "NEOM Green Hydrogen Company" (NGHC) has appointed David Edmondson as CEO of the company, which was recently launched as part of NEOM’s subsidiaries to contribute to the implementation of NEOM's strategic plans that reflect its comprehensiveness and future vision.

NGHC is a joint venture between NEOM, ACWA Power, and Air Products to build the world's largest plant to produce green hydrogen based on renewable energy by 2026, utilizing the green hydrogen produced to fuel electric vehicles in NEOM, so that green hydrogen is among a range of different clean energy solutions that NEOM seeks to adopt.

“We look forward to starting with clear steps to achieve a qualitative leap in the global energy market, establishing a circular economy while maintaining sustainability standards and working to achieve an abundance of resources, in balance with nature, to build a sustainable future for the next generations,” said the CEO of NEOM and Chairman of the Board of Directors of NGHC, Eng. Nazmi Al-Nasr.

He added that the appointment of Edmondson to lead the constitutional phase of the company to build the world’s largest plant for the production of green hydrogen, is designed to produce 1.2 million tons of hydrogen annually.



GASTAT: Saudi Industrial Production Index Up 2.0% in March 2025

GASTAT released on Sunday its Industrial Production Index (IPI) for March 2025
GASTAT released on Sunday its Industrial Production Index (IPI) for March 2025
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GASTAT: Saudi Industrial Production Index Up 2.0% in March 2025

GASTAT released on Sunday its Industrial Production Index (IPI) for March 2025
GASTAT released on Sunday its Industrial Production Index (IPI) for March 2025

Saudi Arabia’s General Authority for Statistics (GASTAT) released on Sunday its Industrial Production Index (IPI) for March 2025, revealing a 2.0% increase in the overall index compared to March 2024.
According to the data, manufacturing activities recorded a significant growth of 5.1% on an annual basis, and the index of water supply, sewerage, waste management, and remediation activities also increased by 15.0%.
The mining and quarrying activity saw a slight decrease of 0.2%, and the electricity, gas, steam, and air conditioning supply index also declined by 0.9%.
The IPI for main economic activities showed a modest 0.5% rise in the oil activities index, while non-oil activities recorded a substantial increase of 5.6% compared to March 2024.
GASTAT issues the IPI monthly to measure relative changes in the volume of industrial output. The index is calculated based on the industrial production survey, which samples establishments in key industrial sectors including mining and quarrying, manufacturing, electricity, gas, steam and air conditioning supply, water supply, sewerage, waste management, and remediation.