With abundant wind and solar resources enabling competitive renewable hydrogen production, Oman has the ambition to become a world leading renewable hydrogen hub.
Following an invitation to become an anchor investor in the coming IPO process on the Muscat stock exchange, Fluxys has committed to acquire a 4.9% stake in OQGN, the Oman state-owned transmission system operator. The partnership is further strengthened by a Memorandum of Understanding (MoU) between Fluxys and OQGN to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure.
Oman has a major renewable energy potential as solar and wind conditions are among the best in the world. Furthermore, Oman is strategically located with excellent access to hydrogen import markets with ports located on established sea trading routes. With strong government support, a substantial investment plan is currently implemented with 9 hydrogen projects under development.
photo of Fluxys
Press release https://is.gd/yvtKtl