Oman sees green opportunities amid global trade war

The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist

Oman launched its third green hydrogen auction on 30 April and expects to benefit from the global trade war as companies facing high levies move to base projects in a country that acts as transit hub, Mohsen al-Hadhrami, undersecretary of energy and minerals, told Hydrogen Economist. Oman wants to capitalise on its trade relationships to attract more foreign direct investment (FDI) into its renewables sector, which is forecast to grow to 30–40% of its energy mix by 2030 from about 11% now. It has already attracted the likes of Shell, France’s EDF, Australia’s Fortescue, Japan’s Marubeni and South Korea’s POSCO to its two previous rounds, awarding eight licences as part of plans to produce 1.