Air Products and ACWA Power signed a joint development agreement toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman. The JDA signing follows a memorandum of understanding signed in December 2021. Envisioned for Oman's Salalah Free Zone, the joint venture project would be based on proven, world-class technology and include: the innovative integration of renewable power from solar, wind and storage; production of hydrogen by electrolysis; production of nitrogen by air separation; and production of green ammonia. It is anticipated that the green hydrogen-based ammonia production facility would be equally owned by the project partners.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
457.4 SAR | +2.19% | +10.38% | +77.98% |
Apr. 21 | Gulf markets subdued on geopolitical tensions, US rate cut concerns | RE |
Apr. 17 | Saudi Shares Extend Losing Streak Amid Downbeat Global Sentiment | MT |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+77.98% | 89.17B | |
-15.43% | 90.91B | |
-.--% | 51.55B | |
-0.33% | 47.99B | |
-4.82% | 45B | |
+0.42% | 41.17B | |
+2.80% | 34.68B | |
+9.09% | 33.26B | |
-13.28% | 22.3B | |
+1.51% | 21.96B |
- Stock Market
- Equities
- 2082 Stock
- News ACWA POWER Company
- Air Products and Acwa Power Sign Joint Development Agreement Toward World-Scale Green Hydrogen-Based Ammonia Production Facility in Oman