Hydrogen Oman SPC (Hydrom), a subsidiary of Energy Development Oman SAOC (EDO), has signed three agreements granting the first green hydrogen blocks in the Sultanate of Oman with a total investment value exceeding USD 20 billion.
The first one is awarded through Phase A Round 1 public auction process, and the other two are awarded following the earlier signing of commercial term sheets.
The signing of these agreements signifies another key milestone of the Sultanate of Oman’s journey to becoming a global hub for green hydrogen production.
The three projects were signed with the consortia of Amnah, Green Energy Oman (GEO) and BP Oman, reports Oman News Agency.
These contracts are expected to yield a total production capacity of half a million tonnes of green hydrogen per annum from more than 12 GW of installed renewable energy capacity at the three sites, each covering an area of 320 square kilometers in the Al Wusta Governorate.
The first of two blocks (Z1-01) in the public auction process launched last year was awarded to a consortium comprised of Copenhagen Infrastructure Partners (CIP), Blue Power Partners (BPP) and Al Khadra, part of Oman’s Hind Bahwan Group.
The consortium will develop around 200 KTPA of green hydrogen from 4.5 GW of installed renewable energy capacity for planned green steel plants located in the Port of Duqm, within the Special Economic Zone at Duqm (SEZAD).
The second project was signed with BP Oman for the development of green hydrogen for ammonia production and export. The anticipated annual production for this project is 150 KTPA of green hydrogen from 3.5 GW of installed renewables capacity in Block Z1-03.
The third project was signed with the consortium of Green Energy Oman (GEO) for the development of green hydrogen and its derivatives.
The consortium includes Oman’s integrated Energy Company OQ, Oman Shell, Kuwait’s energy investor EnerTech (ETC), InterContinental Energy (ICE) and Golden Wellspring Wealth for Trading (GWWT). This project is expected to produce up to 150 KTPA of green hydrogen from 4 GW of installed renewables capacity in Block Z1-04.
Source: Bahrain News Agency