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We are proud to help make the dream of carbon-free energy a reality. Air Products, together with ACWA Power and NEOM, has signed an agreement for a $5 billion world-scale carbon-free hydrogen-based ammonia production facility powered by renewable energy. Sited in NEOM, a new model for sustainable living located in the Kingdom of Saudi Arabia, the project will supply 650 tons per day of carbon-free hydrogen for transportation globally and save the world three million tons per year of CO₂.
The joint venture project, scheduled to be onstream in 2025, is based on proven, world-class technology and will include the innovative integration of over four gigawatts of renewable power from solar, wind and storage; production of 650 tons per day of hydrogen by electrolysis using thyssenkrupp technology through our exclusive strategic cooperation agreement; production of nitrogen by air separation using Air Products technology; and production of 1.2 million tons per year of carbon-free ammonia using Haldor Topsoe technology through our global alliance agreement.
Air Products will be the exclusive off-taker of the carbon-free ammonia, which we intend to transport around the world to be dissociated to produce carbon-free hydrogen for the transportation market. We are committed to providing carbon-free hydrogen through various sources around the world to improve air quality and sustainability.