OMAN is setting a robust example in the global transition to renewable energy with its ambitious green hydrogen strategy.
The country is poised to become a leading global hub for green hydrogen, leveraging its abundant renewable energy resources, strategic geographic location, and clear, actionable plans.
This comprehensive approach aims to diversify the economy, ensure energy security, and contribute significantly to global decarbonisation efforts.
Oman's Green Hydrogen Strategy delineates a path toward significant contributions to both local and global hydrogen markets.
By 2030, Oman targets an impressive production capacity of 1 to 1.5 million tonnes per annum (mtpa) of green hydrogen, scaling up to 8-15 mtpa by 2040 and eventually reaching 35-40 mtpa by 2050.
These ambitious targets are underpinned by investments exceeding $38 billion, aimed at building infrastructure, developing shared facilities, and ensuring a competitive levelised cost of hydrogen (LCOH) for export markets.
RENEWABLE RESOURCES & INFRASTRUCTURE
Oman is endowed with some of the world’s best renewable resources. The country has allocated around 50,000 sq km of land specifically for green hydrogen projects, with regions like Duqm, Sohar, and Dhofar earmarked for extensive renewable energy development.
Wind and solar resources in these areas are exceptionally favorable, with wind speeds up to 11 m per second and solar irradiation exceeding 2,400 kWh/sq m.
To support this vast potential, Oman is developing a comprehensive infrastructure network. This includes the establishment of shared facilities such as electricity transmission lines, water pipelines, and hydrogen transport systems. Hydrom, Oman’s dedicated entity for green hydrogen, plays a pivotal role as the central orchestrator, managing policies, auctions, and the development of this infrastructure.
This story is from the July 2024 edition of Oil and Gas News.
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This story is from the July 2024 edition of Oil and Gas News.
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