MAN Enterprise with its local partners SPG Steiner GmbH and Al Majal Al-Arabi Group sign a contract to design and build the worldwide largest Ammonia Tanks for Air Products in NEOM, KSA

Air Products (NYSE: APD) has awarded SPG Steiner GmbH a contract to design and build two ammonia storage tanks for the world's largest green ammonia project by far. The storage tanks will be installed for the NEOM Green Hydrogen facilities in Saudi Arabia, and each will have a height of 40 meters and a diameter of 76 meters. The time for completion is scheduled in line with the commercial operation starting in 2026.

After commissioning, the NEOM Green Hydrogen Company, a joint venture of the partners ACWA Power, Air Products and NEOM, will own and operate the facility, which will produce hydrogen to be synthesized into carbon-free ammonia for export exclusively by Air Products to the global markets. The start of production is scheduled for 2026. Engineering and procurement activities have commenced.

Strong partnership with strong sustainability lever.

Air Products selected SPG Steiner as one of the long lead item suppliers based on SPG Steiner's extensive design capabilities for cryogenic energy storage and distribution infrastructure.

Wolfgang Brand, Vice President and Executive Project Director, Air Products, says: "The NEOM Green Hydrogen Project is in the EPC execution phase. The selection of SPG Steiner and its local partner MAN Enterprise and Al Majal Al-Arabi Group is a major milestone. This will ensure that the facilities will be completed as planned and make it possible to deliver carbon-free hydrogen on a massive scale to the world."

Philippe Steiner and Oliver Steiner, CEOs of SPG Steiner: "The development and execution of an innovative megaproject such as the NEOM Green Hydrogen Project are one of many steps required to drive a successful energy transition. This project is a frontrunner in the green hydrogen economy. We are proud to contribute to this development by designing and building the infrastructure of tomorrow for the safe storage of natural gas, hydrogen, and its derivatives."

About SPG Steiner GmbH

SPG Steiner GmbH is family-owned company located in Siegen, Germany, operating in Europe, Middle East and Asia. It is a technology driven general contractor for modularized small- and midscale turnkey solutions.

The CEOs Philippe Steiner and Oliver Steiner continue the succession of the company in the 10th generation. They follow and advance the company's successful tradition by providing innovative technology concepts and real tangible solutions for a successful transition to lower carbon energy to meet society's needs for more and cleaner energy.

With an international team of approx. 120 specialists SPG Steiner GmbH combines existing expertise and best practice, paving the way for next energy.