Browsing: Middle east

The Organization of Arab Petroleum Exporting Countries (OAPEC) has shed light on the concerning pace of hydrogen exportation and the formidable challenges it faces. A recent study exclusively disclosed by the Energy Platform unveils that despite the multitude of projects announced for hydrogen export, the vast majority are still in the early developmental stages and are far from making the critical final investment decisions required to propel them into implementation.

ACWA Power has signed a series of groundbreaking agreements worth a staggering $746 million. These transformative agreements, forged during the Future Investment Initiative (FII7) in Riyadh, are set to catalyze clean energy and sustainability initiatives across multiple regions.

Kazakhstan, known for its vast landscapes, is set to embark on a new journey – as a green hydrogen and ammonia exporter to Europe. In a significant agreement signed at the Global Gateway Forum in Brussels, Hyrasia One and Sarzha multifunctional marine terminal have joined forces to transport these clean energy carriers from Kazakhstan’s shores to global markets.

The 2.2GW Neom green hydrogen megaproject is set to supply green hydrogen to a pioneering e-fuels facility operated by Saudi Arabian state oil company Aramco. This groundbreaking initiative aims to produce 35 barrels a day of synthetic gasoline using green hydrogen and captured CO2.

Saudi Arabia’s recent announcement of a massive investment of 21 trillion won (approximately $17.5 billion) into domestic hydrogen electric vehicles…

Hydrogen is undoubtedly making waves on the global energy stage, and it’s no surprise that even oil-rich Saudi Arabia is diving into the hydrogen business. Hyundai and KEPCO (Korea Electric Power Corporation) are joining forces with Saudi entities to create a thriving hydrogen ecosystem in the desert kingdom, ultimately contributing to a more sustainable and cleaner energy future.

South Korean steel giant POSCO is taking bold strides to be at the forefront of this revolution. With its sights set on net-zero emissions, POSCO is embarking on a major green hydrogen project in Oman’s Special Economic Zone (SEZ) in Duqm.

Saudi-based ACWA Power, a global leader in water desalination and renewable energy, has inked seven cooperation agreements with prominent Chinese firms. These deals span a range of projects including solar power, green hydrogen, and water desalination, marking a significant milestone in collaborative sustainable development.

Oman, a nation long associated with oil and gas, is embarking on an ambitious journey to become a global leader in green hydrogen production. With a massive investment of $33 billion earmarked for this sector, the Sultanate aims to produce at least 1 million tonnes of renewable hydrogen annually by 2030, rising to 8.5 million tonnes by 2050.

Oman is setting its sights on a sustainable, carbon-neutral energy future with a groundbreaking Blue Hydrogen and Ammonia project led…