$8.4bn NEOM Green Hydrogen project achieves financial close ...United Arab Emirates

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$8.4bn NEOM Green Hydrogen project achieves financial close
The NEOM Green Hydrogen Company (NGHC) has announced that following the signing of financial deals with 23 local, regional, and international banks and investment firms, it has achieved financial close on the world’s largest green hydrogen production facility, with a total investment value of US $8.4bn. The plant is currently being built at Oxagon, in NEOM, Saudi Arabia. NGHC said it has also concluded the engineering, procurement, and construction (EPC) agreement with Air Products as the nominated contractor and system integrator for the entire facility. Additionally, NGHC also announced that the non-recourse financing structured for the project has been certified by S&P Global (as the seco

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