Hydrom to launch green hydrogen infrastructure company: Hydrogen Oman (Hydrom) is establishing a green hydrogen infrastructure company with Oman Electricity & Transmission Company (OETC), Nama Water Services, and OQGN serving as main stakeholders, Meed reports. Financial details and a timeline for the launch were not disclosed.

Details are scant:Hydrom plans to take an equity share in any planned green hydrogen projects in exchange for the supply of water, electricity and a pipeline network, Meed reports. The company is also expecting to receive bids for the second round of the country’s land auction for integrated green hydrogen projects in late January and will award the contracts by 2H 2024, the report added.

More green hydrogen projects in the works: Hydrom signed an MoU with Special Economic Zones and FreeZones (Opaz) in October allocating 150 square km of land for a wind and solar energy generation project with a capacity of 250-500 MW. Hydrom also signed three new agreements with the SalalaH2 consortium to boost Oman’s hydrogen sector

The company is eyeing USD 20 bn investments: Hydrom said it’s looking to raise USD 20-30 bn in investments from its second round of auctions for green hydrogen projects in the Dhofar region last month.

IN OTHER OMAN NEWS-

Oman Arab Bank (OAB) and First Carbon Investments (FCI) have signed an MOU to accelerate the deployment of new clean technologies in the region, according to a statement. The agreement will see them purchase carbon credits that help accelerate the viability of new green fuels such as hydrogen, ammonia, and biofuels.

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