20 Sha'aban 1445 - 2 March 2024
    
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Eye of Riyadh
Business & Money | Saturday 2 December, 2023 7:19 am |
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ACWA Power kicks off green hydrogen project in Uzbekistan

ACWA Power stated that it launched the first phase of green hydrogen project in Uzbekistan, with a production capacity of 3,000 tons per year.

 

 

 

In a statement, the company added that the project will be developed in two phases. The first phase, a 3,000 ton- green ammonia pilot project, is already underway following the signing of the hydrogen purchase and power purchase agreements in May 2023.

 

 

 

Once the second phase is complete, 2.4 GW of wind energy will power the production of 500,000 tons per year of green ammonia.

 

 

 

When completed in full, this will be ACWA Power’s second utility-scale green hydrogen project after the NEOM Green Hydrogen Project in Saudi Arabia, which is a joint venture between ACWA Power, NEOM and Air Products.

 

 

 

In May, the Tadawul-listed firm signed a hydrogen purchase agreement with Uzkimyosanoat, an Uzbek state-owned chemical company, and a power purchase agreement with the National Power Grid of Uzbekistan. The two agreements are valued at $100 million, according to data available with Argaam.

 

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