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Green Hydrogen | Oman
Green Hydrogen | Oman
Yesterday's Hydrom Announcements. Duqm features in some of our training modules. The port is one of a number well placed to be a front runner in the Hydrogen and Ammonia sectors.
Oman aims to increase green hydrogen production from 32,500 to 3.75 million tonnes per year by 2040 and from 3.5 to 8.5 million tonnes per year by 2050. The country estimates that it will need a cumulative investment of $140 billion over this period to reach its production target by 2050.
Block 1 is awarded to a consortium comprised of Copenhagen Infrastructure Partners (CIP), Blue Power Partners (BPP), and Al Khadra. This will develop green hydrogen for planned green steel plants in the Port of Duqm, showcasing the potential of renewable energy in diversifying the national economy.
The second, signed with BP Oman, focuses on the development of green hydrogen for ammonia production and export. Anticipated annual production of 150 KTPA of green hydrogen, this project will utilise 3.5 GW of installed renewable energy capacity.
The third, signed with the consortium of Green Energy Oman (GEO), aims to produce up to 150 KTPA of green hydrogen from 4 GW of installed renewables capacity. The consortium includes Oman's integrated Energy Company OQ, Oman Shell, Kuwait's energy investor EnerTech, InterContinental Energy, and Golden Wellspring Wealth for Trading.
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