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0 -0.000249418024609255 -0.00228633189225134 -0.00178749584303283 -0.000166278683072797 0.0106626205520452 0.0061315264383107 0.0109743930828068
Stock impact report

Saudi's ACWA Power eyes China and green hydrogen [Yahoo! Finance]

Air Products and Chemicals, Inc. (APD) 
Last air products and chemicals, inc. earnings: 4/23 06:00 am Check Earnings Report
US:NYSE Investor Relations: airproducts.com
Company Research Source: Yahoo! Finance
ACWA Power, the giant backed by the kingdom's sovereign wealth fund, plans to deploy $20 billion in capital annually over the next five years, 60% of that domestically, CEO Marco Arcelli told Semafor. Abroad, the company is eyeing China as its “next big hub,” with major projects and approvals already in motion, Arcelli said. The company already operates 300 megawatts there, with several gigawatts waiting to be greenlit, and aims to invest $30 billion in China by 2030. Chinese policies — including mandated offtake and subsidies for capital expenditure — help reduce risk and drive quicker investment decisions, Arcelli said, arguing that unless Europe, Japan, and South Korea adopt similar regulations, China could dominate the global hydrogen market by 2030, as it has with solar and batteries. ACWA Power is pursuing green hydrogen even as global demand remains weak and regulations are still taking shape. The company's $8.4 billion NEOM Green Hydrogen Project, a joint venture with NE Show less Read more
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