Oman's Green Hydrogen Ambitions: Hyport Duqm Project Overview
Key Ideas
- Oman's energy minister anticipates the first green hydrogen project's FID in 2026 or 2027, with Hyport Duqm leading the way.
- The Hyport Duqm project, backed by OQ Alternative Energy, BP, and Deme, plans to install significant renewable energy capacity and electrolyzer.
- The first phase aims for 60,000 t/y of green hydrogen production, with future plans to scale up to 1GW electrolyzer.
- This initiative signifies Oman's strong commitment to green energy and the potential for significant advancement in the hydrogen sector.
Oman's energy minister, Salim al-Aufi, has revealed the country's ambitious plans for green hydrogen projects, with the anticipation of making a Final Investment Decision (FID) on the first project by 2026 or 2027. The leading contender for this milestone is the Hyport Duqm project, characterized by its manageable size and strong support from key stakeholders. OQ Alternative Energy, BP, and Belgium's Deme jointly hold stakes in the project, aiming to establish 1.4GW of renewable energy capacity and a 500MW electrolyzer in the initial phase. There are further strategies to expand the electrolyzer's capacity to 1GW in the subsequent phases. This development showcases Oman's dedication to transitioning towards sustainable energy sources and highlights the country's significant potential in the green hydrogen sector.