NGHC - NEOM City: Oxagon: Southern Cluster: Green Fuels Project

General Information
Owner NEOM Green Hydrogen Company
Masterplan Project (Parent Profile) Neom – NEOM City: Oxagon: Southern Cluster – Tabuk
Location Tabuk Province, Saudi Arabia
Status --
Sector Chemical, Production, Hydrogen Plant
Contract Type Engineering Procurement Construction (EPC)
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 45
Estimated Budget Value ---
Contract Value 0
Net Value $2185m
Award Date September 2021
Completion Date March 2027
Last Updated On February 2024
ProjectId (Old, New) 326841, 326841


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

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 Arabia’s 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.