Agreement inked to showcase potential of Oman’s ports in green hydrogen

Agreement inked to showcase potential of Oman’s ports in green hydrogen

Muscat: Driven by its goal to be among the leading companies in the global Green Hydrogen Value Chain, Asyad signed a Memorandum of Understanding with Oman Hydrogen Centre at the German University of Technology in Oman (GUtech) to study the potential of Oman’s ports and logistics services in shaping the nation’s green hydrogen economy.

According to international consultancy McKinsey’s Global Energy Perspective, green hydrogen demand is anticipated to grow six-fold by 2050 driven by the road transport, maritime and aviation sectors. Against this backdrop, Asyad’s agreement with GUtech includes conducting in-depth research and analysis against global best practices to enhance the efficiency of Asyad’s ports and logistics operations as well as the competencies and human resources required to cater for this clean energy sector.

Essam bin Nasser Al Shaibani, Vice President of the Sustainability at Asyad Group said, “Asyad’s holistic approach revolves around achieving sustainability at various levels including economic, environmental and social, particularly in its operations and development plans. Partnering with Oman Hydrogen Centre will help us identify, capture, and assess our strengths and areas of improvement. It will also allow us to gather the necessary data we need to set the competitive standards for our logistics services to contribute to