Oman to develop green hydrogen project

  • : Fertilizers, Hydrogen
  • 21/05/18

Oman will develop its first green hydrogen project using solar and wind power, state-owned energy company OQ said.

The 25,000MW project will be developed by a consortium of OQ, Hong Kong-based green hydrogen firm InterContinental Energy and Kuwait's clean energy investment firm Enertech. It did not give details on a timeline for the project, which has been in a planning phase for three years with wind and solar studies conducted in Oman's central Al-Wusta governorate.

The power generated will be used for water desalination and electrolysis at a coastal facility that will produce 1.8mn t/yr of green hydrogen and up to 10mn t/yr of green ammonia. The hydrogen could be used domestically, exported directly or converted into green ammonia for export, the consortium said.

"Existing energy infrastructure in Oman provides additional future options to develop synthetic fuels for the aviation sector, which will be critical for decarbonization," it said.

InterContinental Energy works with a consortium on a similar project in Australia, using 15,000MW of wind and solar power to produce hydrogen and ammonia for export to Asia-Pacific. It plans to make a final investment decision on that by 2025, and said that the falling cost of wind and solar means it possible for hydrogen and green ammonia export projects to be developed at scale.

These lower costs and the growing importance of reducing emissions has pushed the Mideast Gulf's traditionally oil-and-gas focused economies to consider options for hydrogen and ammonia production. Saudi Arabia shipped its first blue ammonia cargo last September as a trial for use in power plants with no CO2 emissions, and the UAE is building a hydrogen business case and aims to be a major global supplier.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

India's RCF receives no offers in NPK tender


24/07/01
24/07/01

India's RCF receives no offers in NPK tender

London, 1 July (Argus) — Indian fertilizer importer RCF received no offers against its tender to buy 50,000t of 15-15-15 and 30,000t of 10-26-26, which closed on 29 June. The tender, issued on 20 June, requested shipment by 25 July to the east coast of India. Demand for high-phosphate NPK grades, such as 10-26-26 and 12-32-16, is expected to pick up as Indian buyers look for alternatives to DAP, which currently holds a $99.50/t premium over 10-26-26. This grade was last assessed at $436-443/t cfr India duty free/duty paid on 27 June. India's stocks of NP/NPK edged up to 5.3mn t at the start of June on higher imports and production. By Nykole King Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Japan’s KHI delivers LPG-fuelled LPG, NH3 carrier


24/06/28
24/06/28

Japan’s KHI delivers LPG-fuelled LPG, NH3 carrier

Tokyo, 28 June (Argus) — Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered an LPG-fuelled LPG and ammonia carrier to domestic shipping firm Nippon Yusen Kaisha (NYK Line) and LPG importer Astomos. KHI announced on 28 June that it built the 86,700m³ very large gas carrier (VLGC) Gas Amethyst at its Sakaide shipyard in Kagawa prefecture, and has delivered it to NYK Line and Astomos. NYK Line and Astomos will hold the vessel under a joint ownership. The ship is equipped with a dual fuel engine, which can burn LPG and conventional marine fuel. The VLGC can reduce sulphur oxide emissions by more than 95pc and CO2 emissions by over 20pc by consuming LPG, as compared to burning heavy oil. The VLGC can also be retrofitted to consume ammonia as shipping fuel. The vessel is designed to carry LPG and ammonia at the same time, given prospects of future demand growth of ammonia as a carbon neutral fuel. Japanese companies have accelerated efforts in seeking alternative fuels for shipping to achieve decarbonisation. Shipping firm Mitsui OSK Line (Mol) conducted a joint study with domestic shipbuilders to develop ammonia-fuelled mid-sized ammonia and LPG carriers , targeting commissioning of the first vessel by 2026. Mitsubishi Shipbuilding plans to build two methanol-fuelled coastal roll-on roll-off vessels and deliver them within the April 2027-March 2028 fiscal year. Mol, KHI and their partners have been developing a hydrogen-fuelled multi-purpose ship . Shipbuilder Japan Marine United in May delivered an LNG-fuelled Capesize bulk carrier to domestic shipping firm Kawasaki Kisen Kaisha. By Nanami Oki Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

US House panel advances waterways’ projects bill


24/06/27
24/06/27

US House panel advances waterways’ projects bill

Houston, 27 June (Argus) — A Congressional committee on Wednesday advanced a bill to authorize a bundle of US port and river infrastructure projects for the US Army Corps of Engineers (Corps). The Water Resources Development Act (WRDA) biennially authorizes projects handled by the Corps' civil works program aimed at improving shipping operations at the nation's ports and harbors, and along the inland waterway system. The traditionally bipartisan legislation also approves flood and storm programs, and work on other aspects of water resources infrastructure. The House of Representatives' Transportation and Infrastructure Committee on Wednesday passed the bill by a 61-2 vote. The Senate Committee on Environmental and Public Works passed its own version of the bill on 22 May by a 19-0 vote. Neither the full Senate nor House have yet voted on the bills, which will need a conference committee to sort out different versions. A key difference is that the House bill did not include an adjustment to the cost-sharing structure for lock and dam construction and major rehabilitation projects. The Senate measure adjusted the funding mechanism so that 75pc of costs would be paid for by the US Treasury Department's general fund, with the rest coming from the Inland Waterways Trust Fund. The 2022 version of the bill made permanent an increase to 65pc from the general fund and 35pc from the trust fund, which is funded by a barge diesel fuel tax. The House committee's decision not to include the funding change drew disappointment from shipping interests. The Waterways Council was "disappointed that the House did not include a provision to modernize the inland waterways system", but was hopeful that conference negotiations would result in its inclusion, Tracy Zea, chief executive of the group, said. The latest House version of the bill authorizes 12 projects and 160 new feasibility studies. Among the projects receiving approval were modifications to the Seagirt Loop Channel near the Baltimore Harbor in Maryland. The federal government would pay $47.9mn towards an estimate $63.9mn project to widen the channel, which would help meet future demand for capacity within the Port of Baltimore. That would include increased container volume at the Seagirt Marine Terminal. The project was in the works before the 26 March collapse of the Francis Scott Key Bridge temporarily diverted freight from Seagirt and many other port terminals. The committee also authorized $314.25mn towards a resiliency study of the Gulf Intracoastal Waterway. The study would consider hurricane and storm damage and identify ways to improve navigation, reduce the maintenance requirements, and provide resiliency. The waterway connects ports along the Gulf of Mexico from St Marks, Florida, to Brownsville, Texas. The House version of the bill also includes provisions to strengthen flood control, wastewater, and stormwater infrastructure. "Critically, WRDA 2024 will help communities increase resiliency in the face of climate change," representative Rick Larsen (D-WA) said. By Abby Caplan and Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Mexico to tap economist for energy minister


24/06/27
24/06/27

Mexico to tap economist for energy minister

Mexico City, 27 June (Argus) — Mexican president-elect Claudia Sheinbaum appointed economist and lawyer Luz Elena Gonzalez to become energy minister in her government that will take office on 1 October. Gonzalez has a long record in public service and served as finance director of the Mexico City government during Sheinbaum's tenure as the capital's mayor from 2018-2024. She has no direct energy industry experience. Sheinbaum won a convincing victory in the 2 June presidential elections and will take office on 1 October when Morena political party founder and current president Andres Manuel Lopez Obrador ends his six-year term. Gonzalez will face a range of challenges as energy minister including completion of the long-delayed Olmeca refinery, development of a plan to tackle state-owned Pemex's enormous debt, expansion of Mexico's electricity generation and grid capacity with a renewed focus on clean energy and the construction of natural gas storage. She will also be in charge of policy decisions that will define the role of private-sector investors in the energy sector. Gonzalez will replace Miguel Angel Maciel, appointed following energy minister Rocio Nahle's resignation in October 2023 to pursue the Veracruz gubernatorial election. Nahle, who took office as energy minister in 2018, led efforts to build the Olmeca refinery and has been a strident supporter of Lopez Obrador's energy sovereignty policy that has sought to restrict private-sector investment. Sheinbaum also appointed Jesus Esteva as transport minister, Raquel Buenrostro as civil service minister, David Kershenobich as health minister and Edna Elena Vega as urban and rural development minister. All of the candidates appointed today have either worked with Sheinbaum during her period as Mexico City mayor or in Lopez Obrador's government. By Rebecca Conan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more