Published by Todd Bush on June 28, 2023
As part of the "Hydrom Phase A Round 1" call for projects, the consortium led by ENGIE and POSCO was awarded land block (Z1-02) by Hydrom, the orchestrator and master planner of Oman's green hydrogen industry. Spanning 340 sq km, the concession block is located in Duqm, with downstream elements to be established at the Port of Duqm.
Continuing their alliance which began through the signing of an MoU in March 2022, ENGIE and POSCO have announced their role as spearheads in a consortium designed to mobilize Oman's renewable energy resources through the development of a green ammonia project with a capacity of 1.2 million tonnes per year. Other partners in the consortium include Samsung Engineering, Korea East-West Power Co. (EWP), Korea Southern Power Co. (KOSPO), and FutureTech Energy Ventures Company Ltd. (a subsidiary of PTTEP).
>> In Other News: Mainstream Renewable Power and Ocean Winds Partner on Second Scotwind Floating Offshore Wind Site
The project will include up to approximately*5 GW of new wind and solar capacity, Battery Energy Storage System (BESS) and a renewable hydrogen plant with a capacity of up to 200 ktpa*. The hydrogen will then be transported by a hydrogen pipeline to be built till the port of Duqm where it will feed the ammonia production plant. *1.2 mtpa of green ammonia * will be exported in Korea in 2030.
The project contract will last for a period of 47 years, broken down into a seven-year development and construction phase followed by a 40-year operational period. Construction is projected to begin in 2027, with the first shipment of green ammonia to Korea planned for the second half of 2030. The consortium will carry out the feasibility and technical studies, in order to finalize the total capital expenditure requirement for the project.
"This venture will benefit from ENGIE's industrial expertise. By developing renewable energies, renewable hydrogen and flexible assets such as batteries, this project is perfectly in line with the Group's strategy to accelerate the transition to carbon neutrality. It will contribute to several of our 2030 ambitions: reaching 4 GW of hydrogen capacity and 10 GW of batteries", said Sébastien Arbola, Executive Vice President in charge of Flex Gen & Retail activities.
This project, which reaffirms ENGIE’s commitment to accelerating the Gulf Cooperation Council's low-carbon transition, is also in line with Korea's national decarbonization target, which aims to reduce the country's carbon footprint by 40% by 2030.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🧬 Occidental's Bold Bet on Carbon Removal: What the Holocene Acquisition Really Means 🌊 Project to Suck Carbon Out of Sea Begins in UK 🧱 NovoMOF Raises $5.4 Million to Scale Up L...
Inside This Issue 🧪 CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia 🪨 Microsoft Signs Large Carbon Removal D...
Inside This Issue 🚢 US Against Plan for Levy on Carbon Emissions From Ships, Leak Suggests 🌱 Envitec Biogas Commissions Its Largest Anaerobic Digestion Plant in the US 🖥️ First-of-Its-Kind AI-powe...
NovoMOF Raises $5.4 Million to Scale Up Low-Cost Carbon Capture Materials
novoMOF said it has raised CHF 4.4 million (USD $5.4 million) to further advance its sustainable materials for low-cost carbon capture in high-emissions industrial sectors. Founded in 2017 as a sp...
THE WOODLANDS, Texas, April 15, 2025 /PRNewswire/ -- CB&I and a consortium including Shell International Exploration and Production, Inc. (Shell), a subsidiary of Shell plc, GenH2 and the Unive...
Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility Plug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD) CLAYTON, Mo., April 17, 2025 /PRNewswir...
Indigo Approaches a Megaton of Carbon Removals Stored in US Cropland
Indigo's MRV approach recognized as industry best practice 85% decrease in administrative burden removes meaningful obstacle to scale-up Over 1M carbon removals and reductions achieved cumul...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.