Skip to content Skip to Search
Skip navigation

Oman signs 3 green hydrogen projects worth over $20bn

By Pramod Kumar
Oman green hydrogen projects Oman News Agency
The signing of the agreements advances Oman plans to become a global hub for green hydrogen production

Hydrogen Oman SPC (Hydrom), a subsidiary of Energy Development Oman, has signed three deals to develop green hydrogen projects with investments worth over $20 billion.

The three projects were signed with the consortia of Amnah, Green Energy Oman and BP Oman.

They are expected to yield a total production capacity of half a million tonnes of green hydrogen per annum. This will be from more than 12GW of installed renewable energy capacity at the three sites, each covering an area of 320 sq km in the Al Wusta governorate.

The first of two blocks (Z1-01) in the public auction process launched last year was awarded to a consortium comprising Copenhagen Infrastructure Partners, Blue Power Partners and Al Khadra, part of Oman’s Hind Bahwan Group.

The consortium will develop around 200 kilogram-tonnes per annum (Ktpa) of green hydrogen from 4.5GW of installed renewable energy capacity for planned green steel plants in the Port of Duqm within the special economic zone at Duqm. 

The second project was signed with BP Oman to develop green hydrogen for ammonia production and export. The anticipated annual output for this project is 150 Ktpa of green hydrogen from 3.5GW of installed renewables capacity in Block Z1-03.

The third project was signed with the Green Energy Oman consortium to develop green hydrogen and its derivatives.

The consortium includes Oman’s integrated Energy Company OQ, Oman Shell, Kuwait’s energy investor EnerTech, InterContinental Energy and Golden Wellspring Wealth for Trading.

The project is expected to produce up to 150 Ktpa of green hydrogen from 4gw of installed renewables capacity in Block Z1-04.

Salim Nasser Al Aufi, minister of energy and minerals, said: “Today, with the completion of the regulatory framework, sector structure, first investment opportunities, and block awarding mechanisms, the Sultanate is at the forefront of taking its first serious steps towards green hydrogen production among other nations.”

Khalfan Said Al Shuaili, minister of housing and urban planning, stated that Oman has allocated over 50,000 sq km in Al Wusta and Dhofar governorates for green hydrogen projects to be awarded in stages.  

Latest articles

Gulf airlines, Gulf airlines conflict, Gulf conflict risk, Gulf flights cancelled rerouted

Conflict risk leads Gulf airlines to cancel regional routes

Gulf airlines are among airlines that have cancelled and rerouted flights across the Middle East as the conflict between Iran and Israel escalates. They are avoiding Iranian airspace and many have cancelled routes entirely following a major missile attack by Iran against Israel on Tuesday. Immediately after the attacks about 80 flights operated by carriers […]

Taaleem's schools offer 'exclusive educational experiences' including access to high-tech equipment profits

Dubai school operator Taaleem increases profit by 55%

Dubai school operator Taaleem has reported revenue of AED945.2 million ($257.3 million) for its 2023-24 financial year – a 15.5 percent year-on-year increase. More student enrolments and the opening of new schools helped Taaleem to increase net profit before tax by 55 percent, to AED182 million, in the financial year ending August. Taaleem’s shares were […]

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]