Neom aims to pave the way out of the oil age for Saudi Arabia

by time news

Nevertheless, for better or for worse, Germany and Europe will be dependent on green hydrogen from Neom in the future if they want to achieve their climate goals in the medium term without paralyzing their own economies. Especially since Russia is no longer a supplier of natural gas in the medium to long term. The new hydrogen production facility now being built in Neom is set to export the first green gas in 2026. Due to the cheap solar energy, this can be produced in neom at significantly more competitive prices than in Germany, for example.

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The column is created in cooperation with the earth observation start-up LiveEO – a participation of DvH Ventures. WirtschaftsWoche is part of DvH Medien, which also includes DvH Ventures.

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