NEOM Green Hydrogen Company (NGHC) appoints Wesam Y. Alghamdi as new CEO

Wesam Y. Alghamdi

 

NEOM Green Hydrogen Company (NGHC) appoints Wesam Y. Alghamdi as new CEO

Nadhmi Al Nasr, Chairman of NEOM Green Hydrogen Company (NGHC), has announced the appointment of a new CEO following the successful financial closure of the world's largest green hydrogen plant. David Edmondson, the current CEO, will be returning to the US-based Air Products Company as part of a planned leadership transition. Edmondson will continue to serve as CEO until the end of the year to ensure a seamless transfer of responsibilities, after which he will be succeeded by Wesam Y. Alghamdi at NGHC.

Starting from January 1, 2024, David Edmondson will rejoin Air Products, where he will continue to play a pivotal role in the development of Air Products' green hydrogen strategy to support the energy transition market.

 

NEOM Green Hydrogen Co. explores investment opportunities in MENA region

 

During his tenure at NGHC, Edmondson played a crucial role in the development of the green hydrogen plant in collaboration with NGHC shareholders, including Acwa Power, Air Products, and NEOM, leading to the establishment of the company. He took on the position of CEO in July 2021, overseeing project financing and the initial company build-out. NGHC acknowledges his significant contributions in developing human capital capabilities in alignment with Saudi Vision 2030 and successfully concluding all project agreements. Under his leadership, NGHC achieved full financial closure on the plant in May, with a total investment value of $8.4 billion, which included $6.1 billion in non-recourse financing from 23 local, regional, and international banks and financial institutions.

Wesam Y. Alghamdi, who will succeed Edmondson, joins NGHC this month with over 25 years of cross-functional senior leadership experience, including engineering, operations, and project management in various industry segments with Maaden, Sabic, and Shell. An alumnus of King Fahd University of Petroleum and Minerals (KFUPM), Alghamdi has a strong track record in strategic planning and technical execution, making him instrumental in leading the company's future growth.

 

NEOM Green Hydrogen Co (NGHC) chief confident to commence operations in 2026

 

Nadhmi Al-Nasr, NEOM Chairman and CEO, expressed, "With the full financial closure on the plant, we are a significant step closer to revolutionizing the global energy market through the production of green hydrogen at scale. The next two years at NGHC will focus on completing the construction of the giga-scale facility for the operational phase of the project."

Situated at Oxagon in Saudi Arabia's northwestern region, NGHC's mega-plant is an equal joint venture between Acwa Power, Air Products, and NEOM. When operational by the end of 2026, the plant will integrate up to 4GW of solar and wind energy to produce approximately 600 tonnes per day of carbon-free hydrogen, specifically in the form of green ammonia. Air Products holds an exclusive 30-year off-take agreement for all the green ammonia produced at the facility, which will be used in transportation and industrial sectors worldwide. This agreement will unlock the economic potential of renewable energy throughout the entire value chain.

Source: https://www.tradearabia.com/