Oman Accelerates Green Hydrogen Leadership in Duqm Special Economic Zone
Key Ideas
- Signing of agreements marks a significant milestone in Oman's green hydrogen journey, unifying major projects under a national strategy.
- Phases 2 and 3 of ACME project in Duqm SEZAD to produce 71,000 tonnes of green hydrogen and 400,000 tonnes of green ammonia annually.
- Oman aims to achieve 1.5 million tonnes of green hydrogen production per year by 2030, supporting net-zero carbon emissions goal by 2050.
- Duqm emerges as a regional hub for green hydrogen investments, reinforcing Oman's role in the global green hydrogen economy.
Hydrom, the Public Authority for Special Economic Zones and Free Zones (OPAZ), along with the ACME Group, have signed agreements for Phases 2 and 3 of the green hydrogen and ammonia project in Duqm, Oman. This move integrates the project into Hydrom's national portfolio, consolidating Oman's hydrogen initiatives. The combined production capacity of all phases is set to reach 900,000 tonnes of green ammonia annually. The agreements mark a crucial step in boosting investor confidence and positioning Oman competitively in the global green hydrogen market.
The development aligns with Oman's strategic focus on hydrogen, supported by regulatory and infrastructure advancements. Duqm is highlighted as a key regional hub for green hydrogen investments, emphasizing the country's commitment to net-zero carbon emissions by 2050. The signing of agreements coincides with Hydrom's land auction round, showcasing Oman's momentum in hydrogen development.
The CEO of SEZAD underlines Duqm's growing importance in the green hydrogen sector, in line with Oman Vision 2040. The project signifies a move towards a more sustainable energy future for Oman. Through collaborative efforts, the country aims to realize lasting value and contribute significantly to the global green hydrogen economy. Oman's strategic approach integrates various projects and initiatives, solidifying its position as an investment-ready hub for green hydrogen.
Topics
Projects
Renewable Energy
Infrastructure Development
Economic Zones
National Strategy
Export Hub
Investment Confidence
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