Oman Public Authority for Special Economic Zones and Free Zones (Opaz) today (23rd August) has signed a land reservation agreement with Acme Group to set up the Green Hydrogen & Ammonia project in the Special Economic Zone Duqm.
Under the agreement, Acme will conduct field studies of the project in the first phase, including installing anemometers to measure wind speed in Duqm and a weather station for surveys and data collection.
The agreement is in line with the authority’s plan to promote investment in clean energy through the production of green hydrogen and ammonia from renewable energy, as well as strengthen its applications in transportation, manufacturing sectors etc.
The authority is also currently in discussion with other international organisations that showed interest in establishing projects to produce green hydrogen and ammonia in Duqm, Salalah and Sohar.
Duqm is ideal for green hydrogen and ammonia projects, given the region’s high solar irradiation and wind resources. It is also easy to access the international market through Duqm Port. The region has vast land for renewable energy, estimated at around 200 sq. km.
Acme is the largest solar energy operator in India, as it operates a solar power plant with a capacity of 3 GW and 3 GW under construction plant.
Early this year, Acme and Oman’s Tatweer agreed to set up a 2,200 tonnes/day of green ammonia facility in Duqm under a planned investment of US$ 2.5 billion (€ 2.1 billion).