Air Products' venture to build, operate hydrogen station for futuristic Saudi Arabian city NEOM

An Air Products joint venture will build, own and operate a hydrogen fueling station that will support Saudi Arabia's plan for a city of the future.

Air Products Qudra, a venture with Qudra Energy, will provide "green hydrogen" for buses and heavy-duty trucks, according to a company statement. The joint venture announced Sunday that it signed an agreement with NEOM, a planned "smart city" in northern Saudi Arabia.

Green hydrogen is produced by electrolysis, the splitting of water into oxygen and hydrogen. The product is deemed green because the process is powered by renewable solar and wind energy. Saudi Arabia has abundant renewable resources in addition to its about 268 billion barrels of oil reserves.

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