Oman: EnerTech Holding Company, a Kuwaiti state-owned enterprise specializing in clean energy investments, has made a groundbreaking announcement. The company revealed that its international consortium, Green Energy Oman (GEO), has successfully secured one of the Sultanate’s initial hydrogen blocks, in collaboration with Hydrom.
This achievement paves the way for Oman to establish itself as a major player in the green energy sector.
The GEO consortium, spearheaded by EnerTech, includes prominent industry leaders such as Oman’s integrated Energy Company OQ, Shell Oman, InterContinental Energy (ICE), and Golden Wellspring Wealth for Trading (GWWT). Additionally, their collective expertise and dedication ensure a comprehensive approach to advancing Oman’s green energy goals.
Oman’s First Hydrogen Block
Situated in the Dhofar Governate, the awarded Block Z1-04 is projected to generate an impressive 150,000 metric tonnes of green hydrogen annually. This strategic location, combined with the consortium’s innovative solutions, positions Oman at the forefront of the global clean energy revolution.
EnerTech put emphasis on the significance of this achievement by highlighting that three agreements were signed recently, collectively representing a substantial investment value exceeding $20 billion. Furthermore, these initiatives aim to produce over 750,000 tonnes of green hydrogen annually. They will play a vital role in achieving Oman’s ambitious target of 1 million tons per year of green hydrogen production by 2030.
“EnerTech firmly believes in Oman’s potential to emerge as a leading producer of green hydrogen, and we acknowledge the tremendous opportunities presented by Oman as a strategic market”, commented Abdullah Al Mutairi, Minister of Energy and Minerals.
Moreover, the GEO project, located in the Al Wusta governorate of central Oman, will rely on an impressive 25 gigawatts of renewable solar and wind energy to operate at full capacity.
This immense energy capacity will facilitate the production of approximately 1.8 million tonnes of green hydrogen. This can be converted into 10 million tonnes of green ammonia annually.