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Energy Business
Charley Rattan
Charley Rattan
Top Contributor
 · Posted in Energy Business

Oman - Hydrom Signs 3 Deals to Develop Green Hydrogen Projects with Investments of Over $20 Bln

 

Oman has big industrial and structural ambitions and we here are the first public signs of significant progress, involving, as is so often the case areas around the ports and exploiting links with Europe and Rotterdam 

Oman Hydrogen - Hydrom Signs 3 Deals to Develop Green Hydrogen Projects with Investments of Over $20 Bln 

Shell and BP amongst the winners

Oman plans to produce one million tonnes of green hydrogen per year by 2030.

The Omani country aims to increase green hydrogen production to 1.25 million tonnes per year by 2030, the Sultanate has announced.

To achieve this production target, Oman has earmarked two blocks in Duqm, on the east coast of Oman, and four more blocks in Salalah, each 320 km² in area, are to be announced for development. The Duqm block will be floated on 6 November with the expectation of award in March 2023, while the Salalah block will be sold in April 2023 with the aim of announcing the award before the end of the year.

Oman aims to increase green hydrogen production from 32,500 to 3.75 million tonnes per year by 2040 and from 3.5 to 8.5 million tonnes per year by 2050. The country estimates that it will need a cumulative investment of $140 billion over this period to reach its production target by 2050.

 

 

 

 

Hydrogen Oman

 

 

 

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