Oman chosen for vast green hydrogen project
A government-backed international investment consortium aims to make the sultanate a global giant in zero-carbon fuel
Hong Kong-based developer Intercontinental Energy (ICE) unveiled plans in mid-May for a vast green hydrogen project on Oman’s central coast—the scale of which is unprecedented in the sleepy sultanate. The plan is to channel some $30bn into developing a complex in the remote eastern Al-Wusta governorate producing 25GW of wind and solar power, the bulk of which would be converted into green hydrogen and ammonia for export. For perspective, the country’s total installed capacity at end-2020 was around 12GW—of which a mere 159MW was derived from renewables. ICE is developing the project in partnership with local downstream parastatal OQ and Kuwaiti government-owned clean energy investor Enertech
Also in this section
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV
24 April 2024
Danish firm joins growing list of European electrolyser manufacturers establishing production in US as IRA incentives prove strong draw
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter