A sizable green hydrogen project in southern Oman is anticipated to draw $6.5 billion in foreign direct investment.
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The Hydrogen Valley construction tendering process has been approved by the Puglia Region.
The Executive on Tuesday approved 950 million euros in aid for gas-intensive businesses, including the ceramic industry, 450 million euros in gas price compensation, and 500 million euros in ICO loans. A green hydrogen is an option.
One of the most cutting-edge factories in the world for the production of green steel will start operating in roughly three years.
According to research by the European Investment Bank (EIB), the African Union, and the International Solar Alliance, Egypt is predicted to create 20 million tons of green hydrogen annually by 2035.
The hydrogen revolution, which intends to become a cornerstone to the energy transition and replace natural gas in economic sectors with challenging electrification, is supported by a pharaonic project called H2Med, which will link the three nations in two portions and is anticipated to be operational in 2030.
The Moscow Polytechnic Institute’s scientists used the hydride-calcium approach to create an alloy of chemically active metals for the first time. Such particles are very capable of absorbing and holding onto hydrogen, used for hydrogen storage.
The hydrogen city creation project, run by the Ministry of Land, Infrastructure, and Transportation, has been concluded.
By December 2023, the nation will have its first hydrogen-powered passenger train, according to Minister of Railways Ashwini Vaishnaw.
Three cooperative initiatives between Oman and the International Energy Agency (IEA) are now underway to expand and improve green hydrogen generation in Oman.