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Oman's Hydrom has signed three deals to develop green hydrogen projects involving investments of over $20 billion, Oman's state news agency reported on Thursday. The projects are a collaboration with BP Oman, Amnah Consortium, and Oman Green Energy Alliances. The International Energy Agency (IEA) said earlier this month that Oman, a country whose economy has traditionally depended on hydrocarbons, has a net zero target by 2050 as it looks to significantly increase its domestic hydrogen production from renewable electricity.

Oman’s Hydrom signs 3 deals to develop green hydrogen projects with investments of over $20 billion

Oman’s Hydrom has signed three deals to develop green hydrogen projects involving investments of over $20 billion, Oman’s state news agency reported on Thursday. The projects are a collaboration with BP Oman, Amnah Consortium, and Oman Green Energy Alliances. The International Energy Agency (IEA) said earlier this month that Oman, a country whose economy has traditionally depended on hydrocarbons, has a net zero target by 2050 as it looks to significantly increase its domestic hydrogen production from renewable electricity.

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