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Home » Oman to Invest $30bn in Hydrogen Economy
Other Renewables

Oman to Invest $30bn in Hydrogen Economy

By Saur News Bureau Tue, Oct 17th, 2023
Oman has ambitious plans to lead in hydrogen economy
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With the aim to be one of the largest producers in the world by 2030, the Sultanate of Oman is investing more than $30 billion in the hydrogen economy.

Notably, Oman is steadily moving towards clean energy to produce electricity as it has solar and wind power plants. Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, said, “Sultanate of Oman is exerting unremitting efforts to achieve zero neutrality by 2050 through a national plan. This is based on the importance of accelerated growth of clean energy and pushing green projects and green hydrogen.”

He added that the energy sector plays a pivotal role in reducing carbon emissions and cutting down the risks of climate change by increasing the use of renewable energy sources, such as solar and wind energy, which will significantly reduce carbon dioxide emissions and improve energy efficiency.

He further noted, “Improving buildings and vehicles efficiency will decrease the need for energy consumption, thus reducing fuel consumption and associated emissions. This will help in the gradual transition to green mobility by promoting the use of green transportation, such as electric cars.”

Eng. Al Aufi added that investing in green hydrogen production projects is one of the important pillars towards achieving zero carbon neutrality, and this comes in line with Oman’s ambitions to become one of the largest hydrogen producers in the world by 2030.

He pointed out that Oman is moving at an accelerated pace to develop green hydrogen projects and has made good strides in this field, through the bidding rounds that were put forward as well as the signing of a number of agreements for green hydrogen production projects during the past period.

The Minister of Energy and Minerals also indicated that the Royal directives to establish Oman Sustainability Centre represent an important and advanced step for continuous monitoring of performance.

Dr. Abdullah Ali Al Amri, Chairman of the Environment Authority said, “Oman is moving forward to fulfill the international obligations and requirements of the Paris Agreement on Climate Change, in order to protect the environment and preserve natural resources.”

He said that a steering committee was formed to highlight Oman’s efforts in various environmental fields through a pavilion to be set in the event for this purpose.

Hydrogen Economy Oman
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  • Scientists Boost Perovskite-Silicon Solar Cells To 33.1% Efficiency
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