Oman and ACME Group Sign Milestone Agreements for Green Hydrogen and Ammonia Projects in Duqm
Key Ideas
- Hydrom and ACME Group sign agreements to integrate ACME's green hydrogen and ammonia projects in Duqm into Oman's national hydrogen portfolio.
- The new project phases in Duqm will significantly increase green hydrogen and ammonia production, contributing to Oman's ambitious targets.
- Oman aims to become a major player in the global green hydrogen economy by streamlining development, strengthening investor confidence, and focusing on sustainability.
- The agreements highlight Duqm's role as a green energy hub and align with Oman's long-term vision of achieving net-zero emissions by 2050.
In a significant development, Hydrom, OPAZ, and India-based ACME Group have signed pivotal agreements to integrate ACME's Phase 2 and 3 green hydrogen and ammonia projects in Duqm into Oman's national hydrogen portfolio. The Project Development and Usufruct Agreements mark a strategic move to consolidate major hydrogen ventures under Hydrom's unified national framework. These projects, covering 80 square kilometers within the Special Economic Zone at Duqm, are expected to produce large quantities of green hydrogen and ammonia annually, contributing to Oman's green hydrogen journey. ACME's expansion plans aim to reach a total production capacity of 0.9 million tonnes of green ammonia per year once all three phases are completed.
The signing ceremony, attended by key officials, underscores the commitment to developing sustainable energy solutions in Oman. By expanding the green hydrogen portfolio to include nine large-scale projects with significant investments and production targets, Oman is positioning itself as a serious global player in the emerging green hydrogen sector. This initiative is powered by renewable energy sources and is part of Oman's strategy to achieve international competitiveness in the green hydrogen market.
The agreements with ACME Group also align with Oman's broader vision and goals related to green energy and environmental sustainability. Duqm's increasing importance as a green energy hub is emphasized, with plans to prioritize green hydrogen investments in the upcoming years. The collaboration reflects a shared ambition to support Oman's long-term vision and global leadership in the green hydrogen economy. The integrated approach from early-stage development to infrastructure and exportation is positioning Oman as a comprehensive green hydrogen value chain, offering stability, scalability, and readiness for the future.
Topics
Green Hydrogen
Renewable Energy
Infrastructure
Sustainability
Investment
Energy Transition
Economic Development
International Collaboration
Environmental Goals
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