Massive green hydrogen facility would be part of Saudi Arabia’s planned Neom "smart city" project. Pennsylvania-based Air Products claims to be the world’s largest producer of hydrogen and a leader in the liquefied natural gas field technology. The company trades on the New York Stock Exchange with a market value of nearly $60 billion. The project would be a big step forward for Saudi Arabia’s ambition for Neom to become an important global center for renewable energy and green hydrogen. The country is establishing Neom as a special economic zone, with an ambition to host 1 million people from around the world. "This is a pivotal moment for the development of Neom and a key element in Saudi Vision 2030 contributing to the Kingdom’s clean energy and circular carbon economy strategy," Neom CEO Nadhmi Al Nasr said in a statement. Speaking to analysts on a conference call on Tuesday, Air Products CEO Seifi Ghasemi said the company is confident the project will be viable without subsidies given the accelerating global race for low-carbon transport fuels. Any government support would be "icing on the cake." “There are 260 million commercial vehicles in the world. If 1 percent converts to hydrogen, […]
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