With specially-formed developer Helios Industry stating on its website it is at a “very advanced stage of developing their commercial scale production facility to produce green hydrogen,” English language Emirati newspaper The National this afternoon sketched out more details about the proposed fab.
Helios describes itself as “a privately-owned special project vehicle company (SPV), established in Abu Dhabi, [in the] United Arab Emirates, to design, develop, finance, construct, own and operate a green hydrogen and green ammonia production facility project at Khalifa Industrial Zone [in] Abu Dhabi.”
While the Abu Dhabi-based company provides few further technical details about the plan, The National, which is owned by United Arab Emirates deputy PM and Manchester City Football Club boss Sheikh Mansour, said the facility would be powered by clean electricity from an 800 MW solar field at the Khalifa Industrial Zone, which is a port.
The newspaper, which also reported the $1 billion investment figure, said the planned project would be able to generate 40,000 tons of green hydrogen which, in turn, would be used to produce 200,000 tons of green ammonia.
No details have yet emerged about when the project can be expected to take shape.
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