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