Oman Singed Agreements Over $51bn for Green Hydrogen Projects
Hydrogen Oman “Hydrom” company, a subsidiary of Energy Development Oman (EDO), announced in a statement that it has signed 6 term-sheet agreements with a number of developers to invest in green hydrogen projects in the Sultanate of Oman, to the tune of more than RO 20 billion over the next seven years.
These term-sheet agreements were signed with developers from Belgium, the Netherlands, the United Kingdom, Japan, Singapore, Germany, India, Kuwait and the United Arab Emirates.
The production capacity of these projects reaches 15GW of electricity, built on an area of approximately 1,500 square kilometers in the governorates of Al Wusta and Dhofar.
The agreements include contracting for 47 years, of those 7 years are for the development and establishment of the projects and 40 years for operating the projects.
These agreements include two projects for BP Alternative Energy Investments Limited. The first project in Duqm will be set up on area of 320 square kilometers. The second project in the Governorate of Dhofar will be set up on an area of 427 square kilometers with a production capacity of 3.3 GW of electricity and 150,000 metric tons of hydrogen annually, for both projects.
The agreements also include Green Energy Oman (GEO) project on an area of 337 square kilometers, SalalaH2 project on an area of 419 square kilometres. The production capacity of these projects is similar to the BP projects.
Further, the agreements include Hyport Duqm project on an area of 150 square kilometres. The production capacity of this project is 2 GW of electricity and 70,000 metric tons of hydrogen annually.
Another project is the Green Hydrogen and Chemicals SPC on an area of 80 square kilometres and a production capacity of 1 GW of electricity and 38,000 metric tons of hydrogen annually.
The agreements were signed by Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals Chairman of Hydrogen Oman’s Board of Directors, and heads of the investing companies.
Al Aufi said that the Sultanate of Oman has taken several bold steps in keeping pace with international transformations in energy and climate issues during the previous period. Those steps include Oman’s commitments to reach net zero carbon emissions by 2050, in addition to preparing necessary policies to press ahead with projects and plans for the transition to green energy.
In a press statement, the Minister said that he expects green hydrogen to be produced in the Sultanate of Oman between 2028 and 2030, both for the use of local industries or for exporting.
Source: Saudigulfprojects
