The Geo Consortium led by Kuwait-based EnerTech Holding Company has secured an order for one of Oman’s first hydrogen blocks by Hydrom (Hydrogen Oman).
Owned by the Kuwait Investment Authority (KIA), EnerTech, which deals in clean energy investment and development, is also one of the founding partners of the Green Energy Oman (GEO) international consortium. Besides EnterTech, the GEO consortium consists of Oman’s integrated Energy Company OQ, Shell Oman, InterContinental Energy (ICE), and Golden Wellspring Wealth for Trading (GWWT), secured Block Z1-04, located in the Dhofar Governate.
This agreement is one of the three signed deals granting the first green hydrogen blocks in the Sultanate of Oman.As reported earlier,the combined investment value of the deals is $20 billion, which is expected to deliver over 750,000 tonnes of green hydrogen per year, further bolstering Oman’s target of achieving 1 million tons per year of green hydrogen production by 2030.
The hydrogen block is set to produce 150,000 metric tons per annum of green hydrogen by using 4 gigawatts of renewable energy.
“We are thrilled to have been awarded one of Oman’s first hydrogen blocks, which serves as a testament to the unwavering dedication and forward-thinking vision of the consortium. This agreement marks a critical milestone in advancing the GEO project, positioned as one of the world’s foremost green fuels initiatives. EnerTech firmly believes in Oman’s potential to emerge as a leading producer of green hydrogen, and we acknowledge the tremendous opportunities presented by Oman as a strategic market,” said Abdullah Al Mutairi, Vice Chairman and CEO of EnerTech Holding Company.
The delegates who were present during the signing ceremony included Salem bin Nasser Al-Awfi, Minister of Energy and Minerals; Abdullah Al Mutairi, Vice Chairman and CEO of Enertech Holding Company; Najla Zuhair Al-Jamali, Chief Executive of Alternative Energy at OQ; Waleed Hadi Senior Vice President & Country Chair at Shell Oman; Hussain bin Abdullah Al-Haddad, Chairman of the Board of Directors of GWWT and Anton Richard Neiman, Head of Middle East, Intercontinental Energy.
GEO is moving ahead to become one of the world’s largest green hydrogen plants. The GEO consortium has also been collaborating on the project for more than three years, that consists of 25 gigawatts (GW) of renewable solar and wind energy at full capacity to produce1.8 million tonnes of zero-carbon green hydrogen which can be converted into 10 million tonnes of green ammonia per year.