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Home » Oman Move Towards Carbon Neutrality Goals with Sohar Net Zero Alliance
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Oman Move Towards Carbon Neutrality Goals with Sohar Net Zero Alliance

By Rashida Wed, Nov 22nd, 2023
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With the view to drive Oman’s ambitious pursuit of carbon neutrality by 2050, Sohar Port and Freezone have introduced the Sohar Net Zero Alliance (SNZA) in alliance with ENGIE and other key industrial tenants.

France’s energy firm, ENGIE, with its substantial contributions to renewable energy ventures are set to play a pivotal role in the SNZA’s success. In its press note, the firm said that ENGIE’s Green Hydrogen Project, intends to capitalise on Oman’s renewable energy potential to hasten the Sultanate’s energy transition.

“The SNZA’s primary objective is to bolster Oman’s ‘2050 Net Zero Commitment’ by strategically emphasising the acquisition of alternative energy sources, the promotion of green power, advancements in green hydrogen initiatives, and the establishment of a cutting-edge Carbon Capture, Utilization, and Storage (CCUS) facility within the Sohar Port premises, “said the firm in a note.

The consortium comprises influential stakeholders such as OQ, Vale Oman Pelletizing Company, Sohar Aluminium Company, Jindal Shadeed Iron & Steel, Al Tamman Indsil Ferrochrome (FZC), Shinas Generating Company, Sohar International Urea & Chemical Industries, Al Batinah Power, and Air Liquide Sohar Industrial Gases.

The SNZA aims towards fostering partnership, transparency, commitment, and inclusivity, said the note.  The signing ceremony which took place in the first week of November signifies Oman’s commitment to sustainable industrial practices.

ENGIE Oman Carbon Neutrality Goals
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Latest News
  • Hydrostor gets Key Approval for 500 MW Storage Center from CEC
  • ACWA, KKR Refinance Rabigh 3 Desalination Plant with Blue Bond
  • Saeta Yield Secures €340m Refinancing, €200m Credit Line
  • IFC Backs Egypt’s 1 GW Solar-BESS With $571.8 Mn Debt Package
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