Oman can be top Middle East hydrogen exporter, IEA says
Meeting 2030 production target requires $33bn of investment and a massive buildout of renewables, the IEA says in gushing report on the Gulf state’s hydrogen potential
Oman is on track to become the Middle East’s leading hydrogen exporter—and the sixth-largest exporter in the world—by 2030, as its high-quality renewable energy resources and vast tracts of available mean it has the potential for large-volume production, the IEA says. The country aims to produce at least 1mn t/yr of renewable hydrogen by 2030, a target that the IEA estimates would require cumulative investment of about $33bn. Electrolysis on this scale would need around 50TWh of electricity—greater than can be supplied by Oman’s entire electricity system. Further production targets include up to 3.75mn t/yr by 2040 and up to 8.5mn t/yr by 2050, which would be greater than Europe’s current to
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