A consortium between Actis and Fortescue, a global integrated green energy, metals and technology company, has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.
Hydrogen Oman SPC (Hydrom), an independent entity founded by the Omani government to orchestrate and deliver the nation’s green hydrogen strategy, announced the consortium was a winning bidder in the second round of a green hydrogen tender process. This provides Actis and Fortescue with exclusive rights to a high-quality site, allocated to the development of a future large-scale green hydrogen and green ammonia project.
The Actis-Fortescue project has the potential to produce up to 200,000 tonnes of green hydrogen per year.
The project, which is currently in the feasibility stage, is expected to involve construction of up to around 4.5 gigawatts of wind and solar renewable-energy resources that will power electrolyzers with the potential to produce up to