The new green hydrogen project in NEOM is the first step in creating a new industry in NEOM and the Kingdom, creating jobs and contributing to economic growth and diversity.
This project positions NEOM as a key contributor to the Kingdom’s Vision 2030 plan to grow and diversify the Saudi economy.Green hydrogen is a form of renewable energy, it can be used as fuel for many different types of transportation and in power plants and can also be used as a green ingredient across a variety of manufacturing industries such as steel, cement and fertilizer production among many other things.
It is seen by many as a DNA for green chemicals, green fuels and the circular carbon economy.
These uses make green hydrogen important for many of Saudi Arabia’s blue-chip companies such as Saudi Aramco, Sabic and Maaden. Saudi Arabia is committed to leading the world in producing hydrogen to help reduce CO2 emissions and combat climate change.
NEOM will become one of the world’s leading centers for green hydrogen as it is one of the few places on Earth where green hydrogen can be made competitively in very large quantities.
The unique combination of wind and sun in NEOM provides the ideal power source to generate clean energy which in turn can be used to produce green hydrogen to meet the needs of energy importing regions like Japan and Europe. NEOM itself will be a showcase for the various usages of green hydrogen when building its new, technology-driven economy and meet its ambition to be powered 100% by renewable energy.
NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses, and reinventing environmental conservation.
NEOM will be the home and workplace to more than a million residents from around the world. It will include towns and cities, ports and enterprise zones, research centers, sports and entertainment venues, and tourist destinations.
As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity – all supported by a progressive law compatible with international norms and conducive to economic growth.