The multinational consortium, Amnah, has secured agreements to develop a significant green hydrogen project in the Sultanate of Oman, with estimated investments reaching $6 billion at full capacity.
Amnah emerged as the winner of the first land block offered by Hydrom, the driving force behind Oman’s green hydrogen industry. The project, set to be established in Duqm, will encompass a 320 sq km block and downstream elements at the Port of Duqm.
Comprising Copenhagen Infrastructure Partners (CIP), Blue Power Partners (BPP), and Al Khadra, Amnah is led by CIP, a renowned Danish-based firm specializing in renewable energy investments. The scale of the project is unprecedented, necessitating meticulous planning and diligence. With an anticipated capacity of 215,000 tonnes per annum (tpa) of green hydrogen, the estimated investment of $6 billion will support its realization.
As the project progresses, additional local and international companies are expected to join the consortium, bringing specialized expertise to navigate the complexities of the venture. The inclusion of new partners will enhance the project’s construction, resource modeling, and local industry collaboration. The consortium aims to secure offtake agreements with customers, particularly new steel plants in Duqm, to ensure the project’s early success.
Amnah is also committed to supporting local development and optimizing the In-Country Value (ICV). Aligning with the Omani government’s focus on ICV, the consortium will facilitate research programs, provide educational training, and promote competence development. The initial agreements with Hydrom mark the beginning of the consortium’s development plan, including mapping out critical milestones, addressing offtake dependencies, conducting wind and solar measurement campaigns, and engaging with banks to understand the project’s bankability.
While a Final Investment Decision (FID) is on the horizon, it requires comprehensive preparation, including pre-FEED and post-FEED assessments.
