NEWS COMMENTARY

Air Products, ACWA Power to build 1 GW electrolyzer in Saudi Arabia for global trade of green ammonia

Published:
July 08, 2020
Services:
Oil and Gas More...
Activities:
Claims More...
by Tim Grejtak
Truly disruptive

Air Products and ACWA Power announced an agreement to build a 1 GW electrolyzer and a 1.2 million ton/year green ammonia facility in the planned city of NEOM in Saudi Arabia. Air Products, ACWA Power, and NEOM are committing $5 billion to the project. The electrolyzer will integrate 4 GW of new wind and solar capacity and synthesize ammonia to ship around the world for renewable hydrogen supply. Clients shouldn't be surprised by such aggressive moves by chemical companies and utilities to muscle in on the global energy trade, especially as oil and gas companies are left vulnerable from COVID-19 disruptions. Instead, clients should develop their own renewable energy export strategies with well-aligned partners and end customers.

For the original news article, click here .


Further Reading

South Australia hits renewable energy milestone, sourcing 100% of its electricity from solar energy during one hour

News Commentary | February 08, 2021

During one hour on October 11, South Australia sourced 77% of its electricity demand from rooftop solar and the remaining 23% from utility‑scale plants. This outcome is remarkable but in line with the growing penetration of renewables and distributed energy resources in the state – South Australia ... Not part of subscription

Suntory's partnership with Anellotech finally reaches a breakthrough, introducing 100% plant-based PET bottle prototypes in Europe and Japan

News Commentary | December 14, 2021

After 10 years and more than $30 million, Suntory finally launched its 100% biobased polyethylene terephthalate (bio‑PET) bottle prototype. This announcement came only weeks after Coca‑Cola announced its version, highlighting the trend in bio‑PET. Suntory’s prototype is made using Anellotech's Bio‑... Not part of subscription

Getting innovation timing right: SPAC deal sets LanzaTech up for growth and success

Case Study | March 24, 2022

LanzaTech initially began as a company seeking to commercialize its microbial gas‑to‑alcohol technology. Despite the skepticism and challenges that come with synthetic biology conversion, the company has made considerable commercial strides and established itself in multiple downstream CO2 ... Not part of subscription