According to MEED, Oman plans to establish Hydrogen Development Oman, a national energy company focused on green hydrogen projects.
The new company will be a completely owned subsidiary of Energy Development Oman, or EDO, the country’s energy transformation champion.
The state-owned holding company EDO represents Oman’s interest in Petroleum Development Oman.
Hydrogen Development Oman intends to work with both local and international partners to accelerate the development of green hydrogen projects.
Oman Oil and Orpic Group, the Oman Investment Authority, the Ministry of Commerce, Industry and Investment Promotion, and the Authority of Public Services Regulation are all prospective stakeholders in the new company.
The land for the upstream clean energy facilities that those projects would require will be included in Hydrogen Development Oman’s equity stake in prospective developments.
Furthermore, while the new corporation will serve as the country’s national hydrogen company, the Energy Ministry will focus on regulating the burgeoning hydrogen industry.