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Oman signs land deal for new green hydrogen plant

  • Market: Fertilizers, Hydrogen
  • 24/08/21

Oman has signed a land allocation deal allowing privately-owned Indian renewables firm Acme to kick-start the development of a new green hydrogen and ammonia project at Duqm Port.

The proposed plant will cost an estimated $3.5bn to build and will be developed in phases, with the first planned to be commissioned as early as the end of 2022. It will use 3GW of solar and 500MW of wind energy to produce approximately 900,000 t/yr of ammonia for export, Acme said.

An initial agreement on the project was signed in March. Now that land has been allocated for the scheme, pre-construction activity can begin. "We plan to start the construction at Oman as soon as we commission our first green hydrogen and green ammonia plant at Bikaner in India," Acme chairman Manoj Upadhyay said.

In mid-May, Oman's state-owned energy firm OQ announced plans to develop the country's first green hydrogen project alongside Hong Kong-based InterContinental Energy and Kuwait's clean energy investment company Enertech. The project in Oman's central al-Wusta governorate will use 25GW of solar and wind power to produce 1.8mn t/yr of green hydrogen and up to 10mn t/yr of green ammonia. It is expected to start production around 2026.

Meanwhile, Muscat's General Authority for Special Economic Zones and Free Zones said it is negotiating with several international companies that have expressed an interest in establishing hydrogen projects at Salalah and Sohar.


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17/03/25

Support for 45V solidifies ahead of US budget tussle

Support for 45V solidifies ahead of US budget tussle

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"Affordable and abundant energy will be critical as the President works to onshore domestic manufacturing, supply chains, and good paying jobs, particularly in Republican-run states due to their business-friendly environments," said the letter, which was organized by Rep. Andrew Garbarino (R-New York.) Garbarino issued a similar letter last fall urging House leader Mike Johnson (R-Louisiana) to protect IRA tax credits and picked up three more signatures this time. "This is significant," said Paul Dainora, chief commercial officer of electrolyzer maker Ohmium, in reference to the letter. "These tax credits are really important for our customers to build a business case." The Silicon Valley-based company is pursuing up to 250 megawatts of projects in the US this year but none of the larger projects will reach final investment decision before the fate of 45V is certain, said Dainora, who was also attending CERAWeek. The credits are considered so important for US hydrogen prospects that the chief executive officer of another global electrolyzer manufacturer has visited Washington from Europe multiple times in the last month to participate in efforts to buttress support for 45V, said a person involved in the visits who was unauthorized to speak publicly about them. Instead of focusing on hydrogen's cleaner emissions, industry talking points have coalesced around America's interest in maintaining energy dominance, said the person. Pointing to rising demand from the European Union and Asian countries like Japan and South Korea for cleaner burning fuels, 45V supporters are stressing that China is poised to dominate the industry if the US doesn't build its own hydrogen capacity. While businesses await an outcome, advocates take comfort from the fact that the process will wrap up in the next couple of months and allow companies to advance to FID. "We sat idle for two and a half years waiting for determination of what these tax rates would look like," said Wolak of the FCHEA, referring to the long period of uncertainty during which the Biden administration finalized the exact rules for 45V. "This next phase is make-or-break time but it's a short-term window. By Jasmina Kelemen Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Iranian urea offers fall to $370/t fob, output ramps up


17/03/25
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17/03/25

Iranian urea offers fall to $370/t fob, output ramps up

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India’s RCF buys MAP, Hindalco receives no DAP offers


17/03/25
News
17/03/25

India’s RCF buys MAP, Hindalco receives no DAP offers

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Egypt’s NCIC issues tender to sell fertilizers


17/03/25
News
17/03/25

Egypt’s NCIC issues tender to sell fertilizers

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UK, Chinese ministers to meet for formal climate talks


14/03/25
News
14/03/25

UK, Chinese ministers to meet for formal climate talks

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