Engie and Posco launch Oman project
Companies unveil plan for large-scale ammonia production for export to South Korea
French energy company Engie and South Korean steelmaker Posco have unveiled plans to develop a large-scale green hydrogen and ammonia project at Duqm in Oman. The move comes after a consortium led by the two companies successfully bid for a 340km² block of land at Duqm, offered through Oman’s recent first-round green hydrogen auction. The project envisages ammonia exports via the port of Duqm to South Korea from the second half of 2030. At full capacity, 200,000t/yr of electrolytic hydrogen will be produced at an inland facility powered by 5GW of new wind and solar capacity as well as battery storage. The hydrogen will then be transported via a new pipeline to the port of Duqm for conversion
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