Hydrogen Oman Signs Multiple Agreements For Green Hydrogen Projects In Oman

Hydrogen Oman (Hydrom) signs multiple agreements with several developers specializing in green hydrogen projects.

Hydrom, a subsidiary of Energy Development Oman said that the agreements with Green Hydrogen and Chemicals (ACME-owned), Green Energy Oman, SalalaH2, and Hyport Duqm Consortium covered six projects in the vicinity of Duqm and Salalah ports. The deal with BP Alternative Energy Investments was only for a Duqm project and one in Dhofar.

This is in accordance with the royal decree of last month, which stipulates a clear process for structuring clean hydrogen projects. It also directs the method of land allocation based on principles of equal opportunity and fairness for developers.

Salim Al Aufi, Hydrom’s Chairman Engineer, stated that this milestone comes after the initial agreements with these top energy companies. The Ministry of Energy and Minerals is the regulator and policy maker for the sector.

Al Aufi stated that these developments will require a total installed capacity of approximately 15GW in Oman’s renewable energy and an expected investment of about $20 billion, including shared infrastructure.

He stated that these projects will produce over 700,000 tonnes of green hydrogen, which will be further processed in local industries to make energy carriers for export.

Salim Al Aufi, Minister of Energy and Minerals Engineer, stated that the signing of the binding commercial terms sheets with the first green-hydrogen project developers was a significant step on our journey towards decarbonization and in accordance with our goal of achieving Net Zero by 2050.

He said, “While these agreements are the first evidence of our success towards carbonization, we look forward to signing more agreements once the results of Hydrom’s first public auction round are in.”

Engineer Abdulaziz Al Shidhani, Director General of Renewable Energy and Clean Hydrogen at Oman’s Ministry stated that today’s milestone was another step in delivering on Oman’s green hydrogen strategy which was announced last October. Today we witnessed key developers from Oman, the UK, Belgium, Japan, India, Oman, Kuwait, Singapore, and the Netherlands making commitments.

Al Shidhani stated that Oman has a clear path towards decarbonization and reaching Net Zero by 2050. Hydrom was established in Oman as an orchestrator of the green hydrogen industry, which is regulated by the Ministry of Energy and Minerals.

He stated that Oman is driven by the values of sustainability, transparency and efficiency, agility, and innovation and that it aims to be a global leader in green hydrogen by enabling the delivery and scaling up of projects for the whole world.

Hydrom’s Acting Managing Director Dr. Firas Al Abduwani stated that legacy initiatives have been following the Omani group since its inception. He also agreed to the commercial principles laid out in the auction, which allows fair and transparent land allocations.

“We look forward to completing the final forms of agreements with our partners soon. He said that we will also start our bid evaluation process for the public auction in order to fulfill our promise to the government.”

Mazin Al Lamki, CEO of Energy Development Oman, expressed his delight at the signing of the agreements. He stated that the agreement was the result of long-standing and difficult work of both parties, marking an important milestone in Oman’s role as a major green hydrogen hub.

He said that Hydrom had launched its first public auction for land plots in November of last year. The winning bidder will be announced by next month.”