LUPRO Inc. and Bait Muscat's Green Ammonia Project: A Sustainable Milestone in Oman
Key Ideas
  • LUPRO Inc. partners with Bait Muscat for Development and Investment to develop a major green ammonia project in Oman's Duqm SEZ, with a $4.5 billion long-term sales contract.
  • The project aims to produce 1 million tonnes of green hydrogen ammonia annually, supported by a renewable energy complex with a 2 GW capacity to accelerate the global transition to clean energy.
  • Oman's government provides favorable infrastructure and business conditions in the Duqm SEZ, emphasizing its commitment to green energy projects and economic diversification goals.
  • The collaboration between LUPRO and Bait Muscat signifies a significant step towards meeting the demand for sustainable energy resources and contributing to a greener future globally.
LUPRO Inc., a leading green energy solutions provider from South Korea, has partnered with Oman's Bait Muscat for Development and Investment to establish a substantial green ammonia project in Oman's Duqm Special Economic Zone. This partnership involves a $4.5 billion long-term sales contract for the supply of 5 million tonnes of green ammonia, marking a significant contribution to the global shift towards clean energy. The project is aligned with Oman's strategic focus on sustainable energy initiatives and international cooperation in the green energy sector. LUPRO Inc., known for its involvement in the hydrogen-based green energy value chain, aims to manufacture green hydrogen and green ammonia, with a particular emphasis on hydrogen convergence projects. The collaboration plans to construct a green ammonia plant in Duqm with a production capacity of 1 million tonnes annually powered by a 2 GW renewable energy complex. This initiative not only addresses the climate crisis but also supports Oman's clean energy development and economic diversification objectives. Construction on the green ammonia plant is set to commence in 2025, capitalizing on the Omani government's efforts to create a conducive environment for green energy projects in the Duqm SEZ. The initial phase of the project will focus on a 200 MW plant with a target production of 500,000 tonnes of green ammonia per year, positioning LUPRO with a 65% stake in the joint venture. The project highlights the crucial role of green ammonia in the global energy transition, aiming to meet the rising demand for sustainable energy while paving the way for a more eco-friendly future. This partnership signifies a noteworthy advancement in sustainable energy development and signifies a positive outlook for both Oman and the broader global community.
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