Production

Landmark 2.2GW Neom green hydrogen project in Saudi Arabia just got 70% more expensive, co-developer reveals

Budget increased from original $5bn to $8.5bn in order to reduce both future operating costs and upfront cash contributions, according to financial update from US company Air Products

An artist's impression of The Line, the 170km glass-fronted megastructure now under construction at Neom city, Saudi Arabia, where the Neom green hydrogen project is situated.
An artist's impression of The Line, the 170km glass-fronted megastructure now under construction at Neom city, Saudi Arabia, where the Neom green hydrogen project is situated.Photo: Neom
NeomAir ProductsACWA PowerSaudi ArabiaMiddle East
Published 6 February 2023, 14:24Updated 6 February 2023, 16:39