Hydrom Signs Three Green Hydrogen Project Agreements in Oman
As per the auction needs, Oman anticipates the winning developers to deliver integrated projects, including the whole green hydrogen value chain, comprising renewable production, hydrogen production, hydrogen derivatives conversion and offtake.
June 02, 2023. By EI News Network
The agreements were inked resultantly the first round of Hydrom’s public auction process to secure large-scale integrated green hydrogen projects for developers.
As per the auction needs, Oman anticipates the winning developers to deliver integrated projects, including the whole green hydrogen value chain, comprising renewable production, hydrogen production, hydrogen derivatives conversion and offtake.
The agreement for the second project was inked with BP Oman for block Z1-03. There are two additional agreements were also inked pertinent to the right to use the land and the possibility of augmenting the project land area.
Conclusively, the third project was assigned to the Green Energy Oman (GEO) consortium, the successful winner of block Z1-04.
The consortium members contain Oman Shell, OQ, EnerTech, Intercontinental Energy and Golden Wellspring Wealth for Trading.
Furthermore, the company declared the making of an Advisory Board to supervise the development of common utility infrastructure, created by Hydrom in cooperation with the lead developers of green hydrogen projects, national utility operators and international developers of green hydrogen infrastructure.
Moreover, Hydrom set foot into a memorandum of understanding (MoU) with OQ Gas Networks (OQGN) with a target to set up an association between the parties in the field of green hydrogen pipeline development.
At the beginning of this year, Hydrom also inked six term-sheet agreements with developers from the nations such as Belgium, the Netherlands, the United Kingdom (UK), Japan, Singapore, Germany, India, Kuwait and the United Arab Emirates (UAE) for hydrogen manufacturing worth exceeding RO 20 billion (around USD 51 billion) over the subsequent seven years.
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