Hydrogen Oman (Hydrom), an entity founded by the Omani government to deliver the nation’s green hydrogen strategy, announced the win in the second round of a tender process.
Actis, a global investor in sustainable infrastructure, and Fortescue, an energy, metals and technology company, have won exclusive rights to a ‘high-quality’ site, Hydrom said.
The project is in the feasibility stage. The wind and solar resources are expected to power electrolysers that can produce up to 200,000t of hydrogen per year.
Under the current plan, the hydrogen will be sold to local industrial offtakers and processed into derivatives such as green ammonia for export via the port of Salalah.
Hydrom chairman Salim bin Nasser Al Aufi, who is also the energy and minerals minister, said that Oman’s infrastructure and logistics capabilities, coupled with its strategic location between the two key green hydrogen demand centres of Europe and Asia, would enable it to “leverage our first-mover advantage in the global hydrogen industry”.
James Mittell, director, energy infrastructure at Actis, said that Oman was a very attractive opportunity for low-cost green ammonia due to its “land availability, strong solar and wind resources, port infrastructure and regulatory support”.
Actis has developed 21GW of renewable energy capacity to date, with 16GW operational and 5GW under construction or contracted.
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