Oman's Green Hydrogen Ambitions Amid Global Trade War
Key Ideas
  • Oman's green hydrogen sector is set to grow despite global trade challenges, with a focus on attracting foreign investment.
  • The country's third green hydrogen auction aims to leverage its position as a transit hub for companies impacted by high trade levies.
  • Oman aims to increase its renewable energy mix to 30-40% by 2030, already securing partnerships with major international players like Shell and EDF.
  • The government has awarded eight licenses in previous rounds, signaling a significant push towards green hydrogen production.
Oman is making significant strides in its green hydrogen sector, as highlighted by Mohsen al-Hadhrami, the undersecretary of energy and minerals. Despite challenges posed by the global trade war and other obstacles, Oman remains optimistic about the growth prospects of its green hydrogen industry. The country recently launched its third green hydrogen auction, aiming to capitalize on its strategic position as a transit hub. By offering a favorable environment for companies impacted by high trade levies, Oman is attracting foreign direct investment into its renewables sector. With a goal to increase the renewable energy share in its energy mix from 11% to 30-40% by 2030, Oman has already secured partnerships with key players such as Shell, EDF, Fortescue, Marubeni, and POSCO. These collaborations are crucial in advancing Oman's plans to produce green hydrogen. The government's commitment is evident through the awarding of eight licenses in previous rounds, setting a strong foundation for the country's green hydrogen ambitions.
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