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

Pedestrians cross a road in Sharjah. The emirate is the UAE's 'manufacturing base', according to an official

UAE to open manufacturing centre of excellence in Sharjah

A manufacturing centre of excellence is to be set up in Sharjah, its backers announced on Monday. The UAE Ministry of Industry and Advanced Technology, the Sharjah Entrepreneurship Centre (known as Sheraa), the Sharjah Chamber of Commerce and Industry and Emirates Development Bank (EDB) have signed a memorandum of understanding for the project.  “Hopefully it […]

The Baladna project is intended to produce 1.7 billion litres of milk a year from 270,000 cows

Baladna lines up $3.5bn Algerian dairy venture

Baladna, the largest dairy food producer in Qatar, is exploring plans for a $3.5 billion venture in Algeria that will be based on a herd of more than a quarter of a million dairy cows. The company has signed a framework agreement with the Algerian Ministry of Agriculture and Rural Development to set up what […]

UAE Ukraine cepa Yulia Svyrydenko, Ukraine’s minister of economic development and trade, and Dr Thani bin Ahmed Al Zeyoudi, the UAE’s minister of state for foreign trade, sign the deal between the two countries

UAE prepares for ‘new era’ in Ukraine with trade deal

The UAE has finalised the terms of a trade deal with Ukraine, as the Gulf state looks to become a key player in rebuilding the country once its war with Russia is over. The comprehensive economic partnership agreement (Cepa) aims to build on the $386 million bilateral non-oil trade between the two countries last year. […]

Construction work at Egypt's new administrative capital. Real estate 'is a very strong inflation hedge', says Aldar's Faisal Falaknaz

Aldar’s Egyptian sales unhindered by war and economic risk

Real estate developer Aldar says geopolitical and economic volatility is not affecting its expansion in Egypt. The Abu Dhabi-listed company acquired its Egyptian subsidiary Sodic in December 2021. Since then, sales have risen by more than 50 percent on a dollar-basis, Faisal Falaknaz, Aldar’s chief finance and sustainability officer, told reporters on Monday.  “What has […]