Saudi Arabia’s Bold Plan to Rule the $700 Billion Hydrogen Market. The kingdom is building a $5 billion plant to make green fuel for export and lessen the country’s dependence on petrodollars. It’s building a $5 billion plant powered entirely by sun and wind that will be among the world’s biggest green hydrogen makers when it opens in the planned megacity of Neom in 2025. The task of turning a patch of desert the size of Belgium into a metropolis powered by renewable energy falls to Peter Terium, the former chief executive officer of RWE AG, Germany’s biggest utility, and clean-energy spinoff Innogy SE. His performance will help determine whether a country dependent on petrodollars can transition into a supplier of non-polluting fuels.
Bloomberg 7th March 2021 read more »