Hydrom signs green hydrogen projects worth $11bn in Dhofar

Hydrom signs green hydrogen projects worth $11bn in Dhofar

Muscat: The Sultanate’s green hydrogen orchestrator, announced signing two new green hydrogen projects in Dhofar worth $11 billion. The signings follow the successful completion of Hydrom’s second round of auctions bringing the total hydrogen production in Oman to 1.38 million tonnes per year (mtpa) by 2030.

The first agreement was signed with a consortium consisting of Electricité de France S.A. and its subsidiary EDF Renewables (EDF Group), Electric Power Development Co., Ltd. (J-POWER) and YamnaCo Ltd (Yamna). The second agreement was signed with Actis, a leading global investor in sustainable infrastructure, and Fortescue, a global integrated green energy, metals and technology company.

Having presided over the signings, Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals and Chairman of Hydrom said, “Oman is strategically located between two key green hydrogen demand centers in Europe and Asia. This, in addition to, our tier-1 infrastructure and logistics capabilities have enabled us to leverage our first mover advantage in the global hydrogen industry.”

He went on to highlight that the availability of renewable natural resources in Oman coupled with the country’s favourable geopolitical positioning, investor-friendly policies and progressive energy transition strategies make it one of the most suitable countries for green hydrogen production. As a