‘NEOM’ Accelerates Global Transition towards Green Hydrogen

‘NEOM’ Accelerates Global Transition towards Green Hydrogen
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‘NEOM’ Accelerates Global Transition towards Green Hydrogen

‘NEOM’ Accelerates Global Transition towards Green Hydrogen

NEOM has made qualitative progress in supporting the green hydrogen production industry on a large scale and exporting it to global markets, the Saudi State News Agecy SPA, reported.

This comes as a confirmation of the role it plays in achieving the vision of economic diversification led by Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, and Chairman of the NEOM Company Board of Directors, paving the way for the Kingdom to reach carbon neutrality by 2060.

NEOM has recently announced the completion of the financial closure for the establishment of the NEOM green hydrogen plant of the NEOM Green Hydrogen Company (NGHC), resulting from an equal partnership between NEOM, ACWA Power, and Air Products and Chemicals, Inc.

The total investment for the project amounted to SAR31.5 billion, of which SAR22.9 billion was funded by 23 financial institutions, including the National Infrastructure Fund (NIF) and the National Development Fund (NDF), in addition to local and international banks.

The NGHC's plant, built in Oxagon, is set to become the world's most significant green hydrogen production facility for commercial use. It is estimated to produce 600 metric tons of green hydrogen per day, to be exported to various countries worldwide once operated in 2026 AD; This will reduce 5 million tons of carbon dioxide annually.

In 2022, NEOM announced, through its subsidiary company Enowa, the establishment of the first Hydrogen and Innovation Development Center (HIDC), which will accelerate the introduction of new technologies to the market after their development stage in the laboratories, and the production, marketing, use, and transfer of green hydrogen fuel products.



Greece Battles Wildfires Across Country, Evacuates Villages

A firefighting helicopter makes a water drop as a wildfire burns in the village of Drosopigi, near Athens, Greece, July 26, 2025. (Reuters)
A firefighting helicopter makes a water drop as a wildfire burns in the village of Drosopigi, near Athens, Greece, July 26, 2025. (Reuters)
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Greece Battles Wildfires Across Country, Evacuates Villages

A firefighting helicopter makes a water drop as a wildfire burns in the village of Drosopigi, near Athens, Greece, July 26, 2025. (Reuters)
A firefighting helicopter makes a water drop as a wildfire burns in the village of Drosopigi, near Athens, Greece, July 26, 2025. (Reuters)

Firefighters were battling wildfires near Athens and across Greece on Saturday as the Mediterranean country sweltered under the third heatwave of the summer, with some villages and settlements being evacuated.

Explosions could be heard as huge clouds of smoke covered Drosopigi village 25 km north of Athens, where factories with flammable material are located. Helicopters dropped water and 65 firefighters battled the flames, assisted by 26 vehicles and two aircraft.

Two houses caught fire, according to state ERT television, while residents of nearby village Krioneri were instructed by authorities to leave towards Athens.

Temperatures in Greece were forecast to reach up to 44 degrees Celsius on Saturday, the Greek weather service said.

On the island of Evia, 115 firefighters and 24 vehicles were deployed to put out fires, assisted by six aircraft and seven helicopters, but strong winds were hampering their efforts. Residents of the island's Triada area were told to be ready in case they needed to leave.

The fire on Evia is the latest in a series of bushfires stoked by strong winds and dry conditions this month.

On the island of Kythera, authorities evacuated the villages of Aroniadika, Pitsinades and Aryoi. In the area of Messinia, west of Athens, residents of the Kryoneri and Sellas villages were also told to leave.

These sites were on a list of Greek regions on high alert for wildfires due to record-breaking temperatures and strong winds due on Saturday.

Tourism is a key earner in Greece, and the fires have hit since the start of the peak summer holiday season early in July.

Greece and other Mediterranean countries are in an area dubbed "a wildfire hotspot" by scientists, with blazes common during hot and dry summers. These have become more destructive in recent years due to a fast-changing climate, prompting calls for a new approach.