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OQ Group has signed a memorandum of understanding (MoU) with Kogas Tech to explore hydrogen-related opportunities. OQ Group is an Oman-based company that is an energy company. Kogas Tech is a South Korea-based tech company. The deal was signed by the CEO of Kogas Tech, Yong-Don, and the CEO of OQ, Talal Hamid Al Oufi.
Oman has an abundance of wind and solar energy resources which makes it one of the best nations to generate green hydrogen. OQ is considering alternative energy and is collaborating with industry leaders in exploring potential. The partnership with Kogas Tech is another milestone achieved by the company which will help in future development in Oman for green hydrogen.
Myungsoo Kim, Vice Mayor of Daejeon Metropolitan City, said: “By strengthening cooperation with OQ, we hope to achieve our joint goal of establishing a green hydrogen economy. Daejeon Metropolitan City plans to maximize positive synergies by connecting Daejeon Metropolitan City’s advanced hydrogen research and developing capabilities and Oman’s strong position to produce green hydrogen. At Daejeon Metropolitan City, we are committed to further strengthening our cooperation with the Sultanate of Oman.”
Talal Al Oufi, CEO of OQ, said: “In the Sultanate of Oman, we are blessed with an abundance of wind and solar energy. In line with global trends, Oman is witnessing a major shift towards the production of green hydrogen and ammonia, and OQ is proud to be leading the efforts to harness green energy in Oman. This MoU with Kogas-Tech is a step towards expanding the knowledge, technological and research pool on green hydrogen and we are confident that this cooperation will lead to innovative solutions in this field.”