Oman sets sights on being Middle East leader in green hydrogen
The International Energy Agency said earlier this month that Oman is looking to significantly increase its domestic production of hydrogen from renewable electricity.
Hydrogen Oman (Hydrom) has signed agreements to develop two green hydrogen projects worth $10 billion, the Oman News Agency reported Thursday, as the sultanate expands its presence in the sustainable energy sector.
Hydrom is a subsidiary of Energy Development Oman, an organization established in December 2020 at the behest of the sultan to focus on growing the country’s energy sector.
The first agreement was signed between the POSCO-ENGIE (MESCAT Middle East DMCC) consortium and other consortium partners including Samsung Engineering, Thai national petroleum company PTTEP, and Korean utility companies Korea East-West Power Co. and Korea Southern Power Co.
The other green hydrogen deal was with the Hyport Duqm consortium, comprising Belgium-based international contractor and developer DEME and Omani energy company OQ.
