Hungary and Oman have signed an agreement on joint research and production of green hydrogen. The agreement was signed by the two countries’ foreign ministers, Szijjarto Peter of Hungary and Sayyid Badr bin Hamad bin Hamood Albusaidi of Oman.
Hungary is the first Central European country to sign such an agreement with Oman. The agreement is seen as a major step in Hungary’s efforts to develop its green hydrogen industry.
Green hydrogen is produced using renewable energy sources, such as solar and wind power, to split water molecules into hydrogen and oxygen. Green hydrogen is a clean and sustainable fuel that can be used to power a variety of applications, including transportation, electricity generation, and industrial processes.
Oman is one of the world leaders in the production of green hydrogen. The country has a number of natural advantages for the production of green hydrogen, including abundant renewable energy resources and a strategic location near major markets.
The agreement between Hungary and Oman will involve joint research and development of green hydrogen technologies, as well as the construction of green hydrogen production facilities in Hungary.
The agreement is also expected to boost trade and investment between the two countries.
The agreement between Hungary and Oman on joint research and production of green hydrogen is a significant development. The agreement has the potential to boost the development of the green hydrogen industry in both countries and globally. It could also help to reduce greenhouse gas emissions and improve air quality.