The Alternative Energy (AE) business unit of OQ has signed agreements on conducting a feasibility study for the provision and supply of green fuel in Oman.
The MoC, signed on the sidelines of the Oman Green Hydrogen Summit 2022, provides that the joint parties discuss the commercial and technical feasibility of providing and supplying green ammonia and green methanol in the ports of Duqm and Salalah for use in operating ports, as well as chances for exporting the products abroad in the future.
Essam bin Nasser Al Sheibani, Group VP of Sustainability, Asyad, said that the MoC consists of two phases. The first phase relates to the feasibility study on exploiting the existing infrastructure in ports with green zone projects.
The second phase deals with choosing which type of fuel is currently commercial, notably since world vessels use fossil fuels and there is strong competition between some ports to produce this type of fuel, he added.
Al Sheibani told that the study will place Oman on the green fuel map. He pointed out that the selection of the ports of Duqm and Salalah to supply green ammonia and methanol was due to the availability of vast lands and the possibility of establishing the most green hydrogen projects there. This advantage will help reduce the cost of transporting green fuel, he added.
OQ’s Alternative Energy Business Unit also signed a memorandum of understanding (MoU) with Oman Indian Fertilizer Company (OMIFCO) to study a plan to achieve a carbon cycling economy (technologies and applications of carbon capture and storage). The plan envisages the use of recycled carbon to boost national efforts for the diversification of sources of energy.