Air Products CEO Seifi Ghasemi has announced ongoing negotiations for additional offtake from the 2.2GW NEOM green hydrogen plant in Saudi Arabia, driven by sustained high demand for hydrogen.
As it stands, the oil and gas major is set to offtake the full 600 tonnes of green hydrogen per day before its conversion into green ammonia from 2027. Ghasemi said, however, that additional offtake “would exceed the production of the facility.”
Speaking during the company’s Q4 2024 earnings call, the CEO said, “Various leading companies, including TotalEnergies, have issued requests for quotation (RFQ), requesting capacity equal to requirements that far exceed the capacity of our green hydrogen project and the construction in NEOM.”
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