Baker Botts is providing critical legal support to Air Products in the development of the NEOM Green Hydrogen Project (NGHP) in Saudi Arabia, the world’s largest carbon-free hydrogen production plant. With a total investment of USD 8.4 billion, NGHP will produce green ammonia at scale, playing a central role in Saudi Arabia’s Vision 2030. Baker Botts has been instrumental in drafting and negotiating key development contracts, including EPC and Green Ammonia Offtake agreements. The team’s expertise in structuring the project’s contracts and developing innovative, bankable solutions has been key to securing non-recourse project financing. Baker Botts also tackled complex challenges involving intellectual property and performance guarantees, ensuring the project meets the sponsors' objectives and is positioned for long-term success.

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