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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory