Actis-Fortescue consortium wins bid for major green hydrogen project in Oman

Hydrogen Oman SPC (Hydrom) has awarded a consortium comprising Actis and Fortescue the rights to develop, build, own, and operate a large green hydrogen project in Oman. Currently in the feasibility stage, the project aims to construct up to 4.5 GW of wind and solar energy resources, which will power electrolyzers to produce up to 200,000 tonnes of green hydrogen annually.

The plan involves selling the hydrogen to local industrial offtakers and processing it into derivatives, such as green ammonia, for export via the existing port of Salalah.

HE Eng Salim bin Nasser Al Aufi, Minister of Energy and Minerals and Chairman of Hydrom, commented: “Oman is strategically located between two key green hydrogen demand centers in Europe and Asia. This, in addition to, our tier-1 infrastructure and logistics capabilities have enabled us to leverage our first mover advantage in the global hydrogen industry. The availability of renewable natural resources in Oman coupled with the country’s favorable geopolitical positioning, investor-friendly policies and progressive energy transition strategies make it one of the most suitable countries for green hydrogen production.”

Moataz Kandil, MENA President at Fortescue, added: “Actis and Fortescue are completely in sync with our ambitions to decarbonise and create a new green energy industry globally. We share a common vision for the pivotal role that green hydrogen and green ammonia will play in forging a sustainable future. Oman not only has great natural resources, but it is also in an ideal location for export and has set up the structures and regulations needed to help enable this industry to flourish. This strategic partnership between Hydrom, Actis and Fortescue will not only help to drive the development of a large-scale green hydrogen project in Oman, but will lead the way for others around the world to follow, cementing Oman as a powerhouse in green molecules.”

HTW Editorial Team

HTW Editorial Team

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