An international consortium consisting of OQ, InterContinental Energy and EnerTech is developing an integrated green fuels mega-project in Oman.
The project will consist of 25 gigawatts of renewable solar and wind energy, which will produce millions of tons of zero-carbon green hydrogen per year. The hydrogen can be used locally, exported directly or converted into green ammonia for international export.
According to InterContinental, green hydrogen is expected to grow into a $2.5 trillion market by 2050, spurred by demand from the shipping, aviation and transportation sectors. In addition, traditional coal and gas power companies across East Asia are in the process of transitioning to green ammonia in order to reduce their carbon emissions.
Located between Europe and Asia, the project will be positioned for excellent solar irradiance and wind resources facing the Arabian Sea.
