Plans for the Saudi NEOM project gained new momentum by announcing the first steps to construct a new huge facility for producing green hydrogen in an environmentally friendly manner, after this promising field began to take part in the government's attention. The NEOM Green Hydrogen Company concluded financial documents with a group of local, regional and international banks and investment companies, to establish a plant with total investments of $8.4 billion.
With this, the company is completing the financial closing phase of the project to establish the largest green hydrogen production plant in the world, which is being built in the city of Oxagon within the northwestern region of Neum.
Source (London Al-Arab newspaper, edited)
