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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.

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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
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French People Need to Work More to Boost Growth, Minister Says

French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)
French Minister for the Economy, Finance and Industry Antoine Armand arrives to attend a governmental seminar at the Hotel Matignon in Paris, on November 4, 2024. (AFP)

People in France must work more, Finance Minister Antoine Armand said on Monday, adding that the fact that French people worked less than their counterparts in Europe was harming the economy due to lower tax contributions and social security payments.

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

"On average, a French person works clearly less than his neighbors, over the course of a year," Armand told C News TV.

"The consequence of this is fewer social security payments, less money to finance our social models, fewer tax receipts and ultimately fewer jobs and less economic growth."

France, the euro zone's second biggest economy, wants to cut its public deficit to a targeted 5% of GDP by 2025.

The country's 35-hour work week, introduced in 2000, has typically been fiercely defended by trade unions, while reforms to France's pension system have also faced widespread protests.

"Let's all work a bit more, collectively speaking, starting off by making sure that everyone respects the working hours that they have been given, in all sectors," Armand said.