Oman has been racing to establish a low-carbon hydrogen sector. In an effort to entice international investors Muscat has been hosting public bid rounds and this week held its third annual Green Hydrogen Summit. Attracting delegates from the likes of BP and Shell alongside key state firm OQ, the summit sought to convince the world that the sultanate is serious about turning ambition into action.
Announcements on a newly formed company to develop hydrogen infrastructure and an agreement to work with German power giant Siemens Energy on electrolyzer manufacturing in the sultanate (see p19) are big steps in the right direction. But looming over all the projects are tight deadlines and the twin challenges of securing offtake agreements and project finance. (CONTINUED - 1275 WORDS)
