{"id":80089,"date":"2023-10-17T01:00:47","date_gmt":"2023-10-17T01:00:47","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/17\/oman-inks-a-spate-of-agreements-to-allocate-land-for-green-energy-and-green-steel-projects\/"},"modified":"2023-10-17T01:00:47","modified_gmt":"2023-10-17T01:00:47","slug":"oman-inks-a-spate-of-agreements-to-allocate-land-for-green-energy-and-green-steel-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/17\/oman-inks-a-spate-of-agreements-to-allocate-land-for-green-energy-and-green-steel-projects\/","title":{"rendered":"Oman inks a spate of agreements to allocate land for green energy and green steel projects"},"content":{"rendered":"

<\/a>Oman\u2019s Public Authority for Special Economic Zones and FreeZones (<\/strong>Opaz<\/a><\/strong>) has signed <\/strong>seven MoUs to support various green energy projects in Duqm<\/strong>, the Oman News Agency<\/a> (ONA) reports. The agreements include renewable energy supply for green hydrogen and ammonia production, land allocation for green hydrogen and ammonia projects, and green steel production. No financial details or a timeline for the projects were disclosed.<\/p>\n

First up, green ammonia:<\/strong> Opaz signed an usufruct agreement with Hyport Duqm<\/a> consortium \u2014 which includes OQ group and Deme Group \u2014 allocating 150 square km of land for a wind and solar energy generation project with a capacity of 250-500 MW, ONA reports. The renewable energy will be used to produce green ammonia among other hydrogen derivatives.<\/p>\n

BP got in on the action: <\/strong>BP Oman and Opaz signed an agreement to set up a plant for green hydrogen derivatives in Duqm, ONA reports. The company will produce 3.3 GW of electricity and set up an ammonia factory to export 150k tons of green hydrogen annually.<\/p>\n

And more green hydrogen derivatives: <\/strong>A Posco-Engie consortium also signed a land allocation agreement for a green ammonia and green hydrogen derivatives plant with a capacity of 1.2 mn tons annually, ONA notes.<\/p>\n

Shell Oman wasn\u2019t left behind:<\/strong> Opaz, the Port of Duqm Company and Shell Oman inked an agreement to eliminate the carbon from Shell\u2019s green and blue hydrogen project. Just last month, the company selected Duqm as a suitable location<\/a> for a planned blue hydrogen and ammonia plant, with technical and commercial viability studies underway.<\/p>\n

Green steel is also getting some attention: <\/strong>The authority signed three agreements with Vulcan Green Steel<\/a> \u2014 a subsidiary of Jindal Shadeed<\/a> \u2014 to establish a USD 3 bn green steel factory in Duqm<\/a> with a production capacity of 5 mn tons. Jindal was also eyeing the potential of setting up a green steel plant<\/a> in Egypt\u2019s Suez Canal Economic Zone last June.<\/p>\n

REMEMBER- Oman's green hydrogen portfolio is booming:<\/strong> The sultanate awarded two green hydrogen blocs<\/a> to the Posco-Engie and the Hyport Duqm consortiums in June to build two green hydrogen facilities powered by 6.5 GW of renewable energy and with a 250k ton annual capacity. Oman\u2019s state-owned Hydrom<\/a> also signed an MoU<\/a> in July with Hyport to establish a green ammonia facility to be powered by 4 GW of renewables and a production capacity of 1 mn tons.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oman\u2019s Public Authority for Special Economic Zones and FreeZones (Opaz) has signed seven MoUs to support various green energy projects in Duqm, the Oman News Agency (ONA) reports. The agreements include renewable energy supply for green hydrogen and ammonia production, land allocation for green hydrogen and ammonia projects, and green steel production. No financial details […]<\/p>\n","protected":false},"author":1,"featured_media":80090,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[269],"tags":[643,11,241,39,193,92],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-hydrogen","tag-duqm","tag-enterpriseclimate","tag-green-ammonia","tag-green-hydrogen","tag-green-steel","tag-oman","wpautop","entry"],"acf":{"mongo_id":"6f087e58-8c3f-4806-9ebd-659cb12aa225","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1602.jpg","photo_position":"above","related_issue":[80084],"teaser":"","voice_url":""},"yoast_head":"\nOman inks a spate of agreements to allocate land for green energy and green steel projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/17\/oman-inks-a-spate-of-agreements-to-allocate-land-for-green-energy-and-green-steel-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oman inks a spate of agreements to allocate land for green energy and green steel projects\" \/>\n<meta property=\"og:description\" content=\"Oman\u2019s Public Authority for Special Economic Zones and FreeZones (Opaz) has signed seven MoUs to support various green energy projects in Duqm, the Oman News Agency (ONA) reports. 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