Fortescue strikes green hydrogen deal in Oman

Australian mining firm Fortescue and investor Actis have secured rights to develop and operate a green hydrogen plant in Oman.

PHOTO: Signing ceremony for the consortium, with Omani energy minister Salim Al Aufi in the centre. Actis

The project site will have a capacity of up to 4.5 gigawatts (GW) of wind and solar power to produce around 200,000 mt/year of green hydrogen through electrolysis.

The green hydrogen produced will be sold to local industrial users, or be converted to green ammonia and exported from the Port of Salalah.

"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," Fortescue's Middle East and North Africa president Moataz Kandil said.

Fortescue's project was approved by Hydrogen Oman (Hydrom), and this was Hydrom's second land allocation. Another 2.5 GW electrolyser plant is being developed by energy firm EDF Renewables, Japanese utility J-Power and green hydrogen developer Yamna. They aim to produce 178,000 mt/year of green hydrogen by 2030.

By Debarati Bhattacharjee

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