‘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.



NCVC Marks International Day for the Conservation of the Mangrove Ecosystem

The launch aims to underscore the vital role mangroves play in protecting coastlines and enhancing biodiversity - SPA
The launch aims to underscore the vital role mangroves play in protecting coastlines and enhancing biodiversity - SPA
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NCVC Marks International Day for the Conservation of the Mangrove Ecosystem

The launch aims to underscore the vital role mangroves play in protecting coastlines and enhancing biodiversity - SPA
The launch aims to underscore the vital role mangroves play in protecting coastlines and enhancing biodiversity - SPA

The National Center for Vegetation Cover Development and Combating Desertification (NCVC) has launched the visual identity for the International Day for the Conservation of the Mangrove Ecosystem, celebrated annually on July 26.

This new identity symbolically represents the crucial economic and environmental significance of mangrove forests, aligning with the goals of Saudi Vision 2030 to conserve natural resources and promote environmental sustainability, SPA reported.

The launch aims to underscore the vital role mangroves play in protecting coastlines and enhancing biodiversity.

It also highlights the contribution of these forests to supporting the local economy through sustainable tourism and environmental projects, while simultaneously raising community awareness about the importance of preserving these unique coastal ecosystems.