NGHC - NEOM City: Oxagon: Southern Cluster: Green Fuels Project
NEOM Green Hydrogen Company(NGHC), an SPV formed by ACWA Power, NEOM, and Air Products is planning to undertake the development of the Green Fuels Project in NEOM, Saudi Arabia.
The electrolysis unit will produce 650 tonnes a day of hydrogen to feed to the ammonia plant. It is ammonia that will be transported globally.
The US$8475 million project includes the following:
A. 4000 MW Renewable Energy System includes the following:
1. Construction of solar park (2,930MW)
2. Construction of wind park (1,370MW)
3. Construction of 380kV load substation
4. Construction of 380kV 200km overhead transmission line
5. Construction of associated facilities
B. Ammonia Plant Project
1. Construction of a green ammonia production plant with the capacity of 1.2 million tons per year
2. Construction of storage facilities
3. Installation of air compressors
4. Installation of process heater systems
5. Infrastructure works
6. Construction of associated facilities
C. Air Separation Unit
1. Installation of air-cooled steam condensers
2. Installation of air filtration columns
3. Installation of steam turbine driven compressors
4. Installation of cold boxes
5. Installation of heat exchanges
6. Installation of pumps
7. Installation of turbo ex-panders
8. Installation of air dryers
Second Section
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27 February 2024
Green Ammonia Plant Complex :Electrolysis Plant:Ammonia Storage Tanks: Green Fuels Plant: The Construction works are ongoing on the project and are expected to be completed by the end of 2026.
23 November 2023
Oxagon: Southern Cluster - Green Fuels Plant: Construction works are progressing and are expected to be completed by the end of 2026.
13 October 2023
Construction works are ongoing and are expected to be completed by March 2026, on NEOM City: Green Fuels: Renewable Energy Project.
07 July 2023
NEOM City: Oxagon: Southern Cluster - Green Fuels Plant: The construction works are progressing and is expected to be completed by 2026.
23 May 2023
The financial closure is achieved on the project.
03 April 2023
Construction works are yet to commence on the Ammonia Storage Tanks project. Green Fuels Project: Electrolysis Plant: Saudi Arabiaâs Ministry of Industry and Mineral Resources has issued the first industrial operating license in Oxagon for NEOM Green Hydrogen Company (NGHC) for the project.
10 March 2023
The project has been announced in the first wave of private sector projects under Shareek programme.
03 March 2023
NEOM Green Hydrogen Company - Green Fuels Plant: The construction works will be ongoing after having reached financial closure on the project.
02 March 2023
NEOM Green Hydrogen Company - Green Fuels Plant: The green hydrogen project has received financing comprising of $5.85bn of senior debt and $475m of mezzanine debt facilities. (Source: MEED)
16 February 2023
NEOM Green Hydrogen Company - Green Fuels Plant : The project is expecting full financial close for the green hydrogen project. (Source: MEED)
03 February 2023
NEOM Green Hydrogen Company - Green Fuels Plant : The Ministry of Industry and Mineral Resources has issued the first license in Oxagon to the NEOM Green Hydrogen Company for the green hydrogen plant.
17 January 2023
Apicorp has agreed to provide senior debt to the Green Hydrogen project. (Source: MEED)
21 December 2022
The client has signed the facility development agreements with local, regional and international banks and also announced the execution of a commitment letter with the Saudi Industrial Development Fund (SIDF). (Source: MEED)
14 December 2022
The project is expected to reach financial investment decision (FID) by end of 2022. (Source: MEED)
03 November 2022
Mobilization works are ongoing on the NEOM Helios Green Fuels: Renewable Energy Project project.
05 July 2022
The project is expected to reach financial closure by September-October 2022.
28 March 2022
Site Establishment Package: The client has reissued the tender and main contract bids have been submitted, Mofarreh Alharbi & Partners Co Ltd and others have submitted the bids for the project.
18 January 2022
ThyssenKrupp has been appointed as the main contractor on Electrolysis Plant and the main contract bids for Ammonia and Hydrogen Plants have been submitted by the following companies: China Tianchen Engineering Corporation, Consolidated Contractors Company and Nasser S Al-Hajri Corporation.
02 December 2021
The main contract bids are still under evaluation for the Site Establishment Package.
18 October 2021
Green ammonia plant: The project is expected to reach financial closure and start construction in the first half of 2022.
07 September 2021
The main contract bids have been submitted and are under evaluation on the Site Establishment Package.
26 July 2021
There is no news regarding the main contract tender issue on the Air Separation Unit.
09 June 2021
The renewable energy project Solar Power Park and Wind Power Park are in the initial study stage and Baker Hughes will supply hydrogen compressor for the project.
22 April 2021
Design and early works are now underway for Green Ammonia Plant Complex and Marine Facilities. Lazard has been appointed as the financial advisor. (Source: MEED)
21 March 2021
Market sources indicate that the Ammonia Plant project is facing delays due to the ongoing circumstances in the country.
19 October 2020
The developers has issued Request for proposal (RFP) for the 380kV substation and 380kV transmission line package and the bid submissions date is yet unknown.
08 July 2020
Air Products, ACWA Power and NEOM has signed an agreement of US$5 billion for the development of the project. The project is expected to come on stream by 2025.