Going Green
Saudi Arabia prepares to build second green hydrogen plant
ACWA Power, which is backed by the kingdom's Public Investment Fund, has struggled to sell the output from its first production facility in NEOM
Goncalo Fonseca/Bloomberg via Getty Images
Vapor rises near a chimney at a refinery plant.
Add The Circuit on GoogleSaudi Arabia has doubled down on its ambition to dominate the global green hydrogen market, with plans to build a second multi-billion dollar plant, even as it struggles to sell the output from its first large-scale hydrogen project.