Energy tech company Baker Hughes has been selected by industrial gases company, Air Products, to supply advanced hydrogen compression technology for the Neom carbon-free hydrogen project in Saudi Arabia, it was announced on Wednesday.
In July 2020, Saudi companies Neom and ACWA Power signed an agreement with Air Products to set up a $5 billion green hydrogen-based ammonia production facility powered by renewable energy in the kingdom.
Air Products and Baker Hughes said in a joint statement that they will embark on a “strategic global collaboration to develop next generation hydrogen compression to lower the cost of production and accelerate the adoption of hydrogen as a zero-carbon fuel.”
As part of the collaboration, Baker Hughes will also provide NovaLT16 turbines for Air Products’ net-zero hydrogen energy complex in Edmonton, Alberta, Canada.
The statement said Baker Hughes’ hydrogen portfolio also includes gas turbines that can burn methane gas and hydrogen blends from as little as 5 percent to as much as 100 percent hydrogen.
A Zawya report on Wednesday, citing a joint study by Dii Desert Energy, Roland Berger and Masdar, said investments in green hydrogen by Gulf countries could pave the way for long-term renewable energy deployment of up to 1,000 gigawatts (GW), with up to 500 GW electrolyser capacity, leading to the production of approximately 100 million metric tonnes of green hydrogen by 2050.
(Writing by Anoop Menon; Editing by Seban Scaria)
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