Neom project cost balloons to $8.5bn

What did we expect? Air products essentially took a giant bet with this project. What they had not done is the hardest one – trying to find a buyer for the product that would pay a price they could live with. So, even the easy configuration – that is by the way already totally unrealistic – has a massive cost overrun and I bet it won’t be the last one. Hydrogen is a very bad idea. It’s an energy carrier – not an energy source. We have much better than hydrogen – we have its upgraded form as methane. It’s much safer, it’s much more economical, and it’s technologically mature. But let’s continue to burn money with hydrogen. 

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