Muscat turns sights to green steel

Heavyweight investor interest in green steel and bunkering were highlights of Oman’s recent hydrogen summit

After Egypt’s star turn at Cop27 in November, Oman seized the low-carbon hydrogen spotlight this month, staging its second annual summit centred on the sultanate’s similar ambitions to become a global leader in hydrogen. The government revealed during the summit that around 40 companies had expressed interest in the auction launched in November for two 320km2 concessions near Duqm to be used for hydrogen production, with awards due in March next year. And Oman is seeing strong interest from international steel, energy and shipping heavyweights, which have provisionally agreed to invest in the country’s hydrogen potential. Steel The most eye-catching of the deals signed during the summit—for