3 agreements worth $20bln signed for Green Hydrogen projects

3 agreements worth $20bln signed for Green Hydrogen projects

MUSCAT: Hydrogen Oman SPC (Hydrom), a subsidiary of Energy Development Oman SAOC (EDO), signed agreements linked to the award of country’s first green hydrogen blocks targeting with total investments exceeding $20 billion.

Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals and Chairman of the Board of Directors of Hydrom, shared the following during the event: “We are delighted to witness the signing of these agreements. Today, with the completion of the regulatory framework, sector structure and these first investment opportunities, we officially announce the beginning of the Sultanate’s production journey in accordance with the directives of His Majesty Sultan Haitham bin Tarik.”

The first agreement names the ‘Amnah’ consortium as the winner of the state’s first public auction bid and entails the development of a green hydrogen plant to supply 200 kilotonnes per annum (KTPA) of green hydrogen from 4.5 GW of installed renewable energy capacity within Block Z1-01.

Output from this project will support, among other consumers, green steel plants in the Port of Duqm.

The consortium consists of Copenhagen Infrastructure Partners (CIP), Blue Power Partners (BPP) and Al Khadra, part of Oman’s Hind Bahwan Group.

The second and third agreements were part of the ‘Legacy Initiatives’, which are green hydrogen