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.
Morocco is emerging as a global powerhouse in the realm of green hydrogen, poised to revolutionize the clean energy landscape. According to Antoine Sallé de Chou, an official from the European Bank for Reconstruction and Development (EBRD), Morocco possesses one of the world’s most remarkable potentials for green hydrogen production.
Oman is setting its sights on becoming a global leader in the hydrogen economy, embarking on an ambitious plan to invest over $30 billion in green hydrogen projects.
The Ministry of Energy and Mineral Resources in Jordan has inked a crucial memorandum of understanding (MoU) with the Jordan Green Ammonia Company. This groundbreaking agreement paves the way for in-depth feasibility studies focusing on green hydrogen projects within the nation.
Saudi Arabia is currently conducting tests on the hydrogen train to ensure its compatibility with the kingdom’s unique environment. The move towards hydrogen technology signifies a significant step in the nation’s pursuit of a more sustainable transport system that incorporates cutting-edge smart technologies.
Saudi Arabia’s Aramco, the world’s largest oil producer, is investing in a range of decarbonization technologies, including lower-carbon hydrogen, direct air capture, and CO2 sequestration.
