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Home›Business & Finance›Hydrom paves the way for Oman’s green hydrogen growth
Business & Finance

December 14, 2023 · about 2 years ago

Hydrom paves the way for Oman’s green hydrogen growth

Hydrom, a central and independent entity orchestrating Oman’s national interest in green hydrogen, has signed multiple memorandums of understanding (MoUs) as part of its strategy to propel Oman’s energy transition and green hydrogen growth. During the first day of the Green Hydrogen Summit Oman (GHS

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Hydrom paves the way for Oman’s green hydrogen growth

Hydrom, a central and independent entity orchestrating Oman’s national interest in green hydrogen, has signed multiple memorandums of understanding (MoUs) as part of its strategy to propel Oman’s energy transition and green hydrogen growth.

During the first day of the Green Hydrogen Summit Oman (GHSO) on December 12, Hydrom revealed three developments.

The first announcement included awarding a green hydrogen block to the SalalaH2 consortium, comprised of OQ AE, Marubeni Corporation, Dutco Overseas Limited (Dutco Group), and Samsung C&T, to produce over 4 GW of renewable energy for the production of green hydrogen and later green ammonia for local use as well as exports to international green ammonia markets.

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We are proud to announce the signing of another green hydrogen block in Salalah. HE Salim Al-Aufi, on behalf of #Hydrom , signed an agreement today with #SalalaH2 bringing us closer to our target of 1mtpa gh2 production by 2030. @ThisIsOQ @Samsungcnt @DutcoGroup #Marubeni pic.twitter.com/q1vXFoCsSU

Furthermore, Hydrom signed an MoU with Siemens Energy and Oman Investment Authority (OIA) to work on developing, constructing, and operating an electrolyzer manufacturing facility in Oman.

Finally, an MoU was signed with Oman’s logistics provider ASYAD Group to develop the nation’s logistics sector to support large-scale green hydrogen projects.

Guided by Oman’s Vision 2040, which is anchored on diversifying its economy away from oil and gas, as well as the country’s long-term goal to reach net zero by 2050, the government of the Sultanate of Oman has pursued a hydrogen strategy that seeks to capitalize on the country’s abundant wind and sun natural resources and existing port and industrial infrastructures.

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