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

Germany’s Thyssenkrupp Nucera AG & Co KGaA has been picked to deliver electrolysers for a 2.2-GW hydrogen-to-ammonia production project in northwest Saudi Arabia, which reached financial closing last week.

The huge project, worth USD 8.4 billion (EUR 7.81bn), was put forward by Neom Green Hydrogen Company (NGHC) and is already under construction. A total of 110 alkaline water electrolysis modules by ThyssenKrupp will be powering the complex, which is planned to kick off operations by the end of 2026, the German manufacturer said last week.

Do you know we have a daily hydrogen newsletter? Subscribe here for free!

Being installed in Oxagon, in Saudi Arabia’s northwestern province of Tabuk, the facility will be capable of producing 600 tonnes of green hydrogen daily. The process will use electricity from up to 4 GW of solar and wind generation capacity.

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

Debt facilities of some USD 6.1 billion have been extended to finance the scheme, with 23 international and regional lenders participating in the deal. The package includes USD 325 million from KfW Ipex-Bank. The unit of German state-owned lender KfW announced its participation separately and said its portion will go for the purchase of electrolysers.

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

(USD 1.0 = EUR 0.930)