Oman and Singapore have plans to collaborate to encourage private sector investments across various industries, with a particular focus on clean energy and green hydrogen sectors.
Salim bin Nasser al Aufi, the Minister of Energy and Minerals, disclosed that after the visit of Sultan Haitham bin Tarik’s state visit to the Republic of Singapore, both the nations have plans to work together for Singapore’s demand for clean energy and Oman’s ambitious plans to produce green hydrogen for global carbon emissions reduction.
It may be noted that Oman’s ambitious target to produce 1mn tonnes of green hydrogen annually by 2030 and 8.5mn tonnes by 2050. Further, as per plans, the Minister of Energy and Minerals of Oman said that a delegation from the Singapore’s Ministry of Industry and Trade, along with companies involved in green hydrogen consumption, transportation, and storage, will visit Oman. This delegation will aim to evaluate Oman’s capabilities, explore investment opportunities, and inspect existing facilities such as ports and logistics infrastructure.
“The delegation will explore the potential of participating in competitive tenders for land designated for green hydrogen investments, forming alliances, or becoming partners in Oman’s liquefaction and hydrogen transportation initiatives,” said the statement. This will also encompass knowledge exchange, research collaboration, and studies related to green hydrogen transport.