Oman’s Hydrom inks two agreements for green hydrogen production

Oman’s Hydrom inks two agreements for green hydrogen production

Hydrogen Oman (Hydrom), an Energy Development Oman subsidiary, has signed agreements with international consortiums to develop two green hydrogen projects in Al Wusta governorate. The two agreements represent a total investment value of $10 billion, the state-owned Oman News Agency (ONA) reported on Wednesday. The total estimated production of the two projects will be 250,000 metric tonnes of green hydrogen, equivalent to 6.5 gigawatts (GW) of renewable energy capacity, the report said. The signing was broadcast live on Hydrom's Youtube channel on Wednesday. Salim Al Aufi, Oman's Minister of Energy and Minerals, addressed the event and shared details of the two agreements. The first agreement was signed with the POSCO-ENGIE consortium. The project will have a production capacity of about 200,000-220,000 tonnes per annum of green hydrogen (from 5.2 GW of renewable energy), which would be turned into ammonia for export. The investment has been estimated at $7-$8 billion. Other consortium partners include Samsung Engineering, Thai national petroleum company PTTEP, and two Korean utilities - Korea East-West Power Co. (EWP), Korea Southern Power Co. (KOSPO). The second agreement was signed with the Hyport Duqm consortium, comprising of Belgium-based international contractor and developer DEME and Oman-based energy company OQ. The first