Oman-based company Hydrom has entered into agreements worth $11 billion to develop two new projects for producing green hydrogen. These agreements, according to Oman News Agency (ONA), involve partnerships with the Electricité de France (EDF) Group consortium, Actis, and Fortescue.
Read more: Four major companies forge blue hydrogen collaboration in Oman
Through the collaboration with the EDF Group consortium, Hydrom aims to produce approximately 178,000 tons per year (tpa) of green hydrogen by 2030. This will be achieved by utilizing around 4.5 gigawatts (GW) of wind and solar energy, along with battery storage and an electrolyzer estimated to have a capacity of 2.5 GW. The produced hydrogen will be supplied to an ammonia plant in the Salalah Free Zone, which is expected to generate one million tons per year (mtpa) of green ammonia.
Salim Nasser Al Aufi, Oman’s minister of Energy and Minerals and chairman of Hydrom, stated that Oman benefits from its strategic location between two significant demand centers for green hydrogen in Europe and Asia. He further highlighted that the country’s tier-1 infrastructure and logistics capabilities have allowed them to capitalize on their early entry advantage in the global hydrogen industry.
Similarly, the partnership with Actis and Fortescue will involve the construction of up to 4.5 GW of wind and solar renewable energy resources. These resources will power electrolysers capable of producing up to 200,000 tons of green hydrogen annually. The hydrogen will be sold to local industrial customers and can also be processed into derivatives like green ammonia for export.
Expanding projects
Hydrom further completed its second round of auctions, resulting in a total hydrogen production capacity of 1.38 million tons per year (mtpa) in Oman by the end of the decade.
In June 2023, Hydrom also signed agreements worth $10 billion with the POSCO-ENGIE consortium and the Hyport Duqm consortium to develop two additional green hydrogen production projects. These projects are situated in the Al Wusta governorate.
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