Thyssenkrupp electrolysers to power 2.2-GW green H2 complex in S Arabia

May 29, 2023 03:56 PM ET
  • Germany's Thyssenkrupp Nucera AG & Co KGaA has been selected to provide electrolysers for a 2.2-GW hydrogen-to-ammonia manufacturing project in northwest Saudi Arabia, which got to economic closing last week.
Thyssenkrupp electrolysers to power 2.2-GW green H2 complex in S Arabia

The substantial project, worth USD 8.4 billion (EUR 7.81 bn), was advanced by Neom Green Hydrogen Company (NGHC) and is already incomplete. A total amount of 110 alkaline water electrolysis modules by ThyssenKrupp will be powering the complex, which is prepared to start procedures by the end of 2026, the German manufacturer said last week.

Being mounted in Oxagon, in Saudi Arabia's northwestern district of Tabuk, the facility will can producing 600 tonnes of green hydrogen daily. The procedure will certainly make use of electrical energy from up to 4 GW of solar and also wind generation capacity.

United States industrial gases company Air Products (NYSE: APD) will be the single off-taker of the ammonia under an exclusive 30-year supply agreement.

Financial debt centers of some USD 6.1 billion have been extended to finance the scheme, with 23 worldwide as well as regional lending institutions taking part in the offer. The package consists of USD 325 million from KfW Ipex-Bank. The unit of German state-owned loan provider KfW introduced its engagement independently and said its portion will go for the purchase of electrolysers.

NGHC is an equally had joint venture of Saudi Arabia's ACWA Power Co (TADAWUL:2082), Air Products as well as Neom.

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