Saudi Arabia ACWA Power, Okio Group and American Air Products signed today, Thursday, in Muscat, an agreement for the joint development of the hydrogen project in Oman, to build a plant for the production of ammonia using green hydrogen in the Sultanate of Oman. Depending on the renewable energy sources in the Sultanate.
ACWA Power stated in a declaration that the signing of the agreement is part of the efforts made by the Okiyo Group to develop alternative energy sources and exploit the natural resources of which the Sultanate of Oman is rich and to strengthen the efforts made by the government to attract investments in implementation of the Oman 2040 vision.
It was agreed between the participating parties to start the joint investment project in the Salalah Free Zone in the Sultanate of Oman and to equip it with the latest recognized technologies in this field and the innovative integration of renewable energy from solar and wind energy, storage and production of hydrogen using the process of electrolysis and nitrogen production through air separation and green ammonia production.
For his part, the president of ACWA Power, Mohammed Abunayyan, said that we are proud of our investments in the Sultanate of Oman, which were launched in 2011 to develop and build desalination and power generation plants, and we are continuing them with aim to expand our strong business portfolio in the Sultanate. Building on our deep global experience in the green energy industry, we have been in able to successfully launch the first industrial-scale renewable energy project in the Sultanate of Oman.
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