Oman's Green Hydrogen Growth: Consolidation and Expansion in Duqm
Key Ideas
- Hydrom, OPAZ, and ACME Group signed agreements for Phase 2 and 3 of ACME’s green hydrogen and ammonia project in Duqm, Oman.
- The project aims to produce around 71,000 tonnes of green hydrogen and 400,000 tonnes of green ammonia annually, contributing to Oman's green hydrogen journey.
- The agreements signify Oman's commitment to structured development and investor confidence, aiming to become a leading global exporter of green hydrogen by 2030.
- With a portfolio of nine large-scale green hydrogen projects, Oman is set to attract over $50bn in investments and achieve a combined production capacity of nearly 1.5mn tonnes of green hydrogen per annum by 2030.
In Muscat, Oman, Hydrom, OPAZ, and ACME Group have signed agreements for the incorporation of Phase 2 and 3 of ACME’s green hydrogen and ammonia project in the Special Economic Zone at Duqm (SEZAD). The project is set to produce significant quantities of green hydrogen and ammonia annually, contributing to Oman's green hydrogen journey. This initiative consolidates all commercial hydrogen developments under a single national structure, enhancing investor confidence and positioning Oman as a competitive player in the global green hydrogen market. The agreements mark a milestone in Oman's transition to a sustainable energy future, aligned with Oman Vision 2040. By integrating ACME's project into Hydrom's framework, Oman is boosting its positioning as a key player in the global green hydrogen economy. The completion of all project phases is expected to enable Oman to become a leading global exporter of green hydrogen by 2030. With ongoing developments and a structured national framework, Oman is set to attract significant investments and achieve a substantial production capacity in green hydrogen. This growth in the green hydrogen sector is a testament to Oman's commitment to sustainable development and its readiness to meet global demand for green hydrogen.
Topics
Projects
Renewable Energy
Investment
Energy Transition
Global Market
Sustainable Development
Export
Economic Zones
National Strategy
Latest News