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Hydrogen Oman (Hydrom) revealed its plan to invest in 30% of Oman’s land designated for green hydrogen projects, as well as its eagerness to collaborate with the Saudi Arabian private sector as it heads into round 2 of the Public Auction. Hydrom aims to produce around 8.5 million tons with an investment value of $140 billion. The first round attracted 14 global companies, resulting in $30 billion investment across 1,660 sq km in Oman's Al Wusta Governorate, targeting 750,000 tons of annual production by 2030. The second round began in June, with agreements expected in early 2024. Both rounds aim to achieve 1.5 million tons of green hydrogen output annually by 2030, requiring an $80 billion investment.

Hydrogen Oman Plans Investment in 30% of Omani Land for Green Hydrogen Projects and Seeks Saudi Private Sector Participation

Hydrogen Oman (Hydrom) revealed its plan to invest in 30% of Oman’s land designated for green hydrogen projects, as well as its eagerness to collaborate with the Saudi Arabian private sector as it heads into round 2 of the Public Auction. Hydrom aims to produce around 8.5 million tons with an investment value of $140 billion. The first round attracted 14 global companies, resulting in $30 billion investment across 1,660 sq km in Oman’s Al Wusta Governorate, targeting 750,000 tons of annual production by 2030. The second round began in June, with agreements expected in early 2024. Both rounds aim to achieve 1.5 million tons of green hydrogen output annually by 2030, requiring an $80 billion investment.

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