In a major step towards achieving sustainable energy goals, Hydrogen Oman (Hydrom) has signed multiple term sheets with several developers specialising in green hydrogen projects.
A subsidiary of Energy Development Oman, Hydrom said the agreements with Green Energy Oman (GEO), Green Hydrogen and Chemicals (owned by ACME), Hyport Duqm consortium, and SalalaH2 consortium covered six projects located in the proximity of Duqm or Salalah ports, while the deal with BP Alternative Energy Investments was for a project in Duqm and another in Dhofar.
This is in compliance with the royal decree issued recently stipulating a clear process to structure clean hydrogen projects and directing the method of land allocation on principles of equal opportunity, fairness, and equitability for developers and acknowledging the role of legacy Initiatives and earlier commitments made with investors.
Hydrom Chairman Engineer Salim Al Aufi said this milestone follows the preliminary agreements signed with these leading energy companies before the issuance of a clear regulatory framework by the Ministry of Energy and Minerals being the policy maker and regulator of the sector.
These developments will require an installed capacity of approximately 15GW of renewable energy in Oman and total expected investments of around USD 20bn (including shared infrastructure), stated Al Aufi.
According to him, these projects are expected to provide over 700,000 tonnes of green hydrogen which would be further processed in local industries and into energy carriers for export.