Oman has signed $20bn of green hydrogen deals as it looks towards achieving sustainable energy goals.
Salim Al-Aufi, Chairman of Hydrogen Oman (Hydrom), a subsidiary of Energy Development Oman, signed multiple term sheets with green hydrogen Projects.
The green hydrogen agreements include six projects located in the proximity of Duqm or Salalah ports:
- BP Alternative Energy Investments Limited (for a project in Duqm and another in Dhofar)
- Green Energy Oman (GEO)
- Green Hydrogen and Chemicals SPC (owned by ACME)
- Hyport Duqm consortium and SalalaH2 consortium.
These developments will require an installed capacity of approximately 15GW of renewable energy in the country and total expected investments around $20bn.
The projects are expected to provide more than 700,000 tonnes of green hydrogen, which would be further processed in local industries and into energy carriers for export.
The signing of the deals is part of the nation’s goals to develop clean hydrogen projects.
Minister of Energy and Minerals, Salim Al Aufi, said: “We are delighted to sign these binding commercial term sheets with the first green hydrogen projects developers in our journey towards decarbonisation.
“Oman has taken several bold steps following His Majesty’s endorsement of the Net Zero target by 2050. While these agreements form the first testimony of our success towards decarbonisation, we look forward to signing more agreements once we receive the results of the first public auction round that is currently being conducted by Hydrom”.
The Sultanate has set a clear roadmap towards decarbonisation and achieving Net Zero by 2050, and Hydrom has been established as an orchestrator of green hydrogen industry in Muscat, regulated by the Ministry of Energy and Minerals.
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