Oman opens third round of bidding for green hydrogen lands, attracting global investors

Muscat: Eng. Abdul Aziz bin Saeed Al Shidhani, General Manager of Hydrom, revealed that the upcoming round will allocate at least two new areas for green hydrogen projects in Al Wusta and Dhofar Governorates. Unlike previous rounds, these lands will vary in size to attract a broader range of investors, including markets and economies that have not previously participated, such as China, the United States, and several European and Asian nations.

Acknowledging sector challenges like market fluctuations, political changes, and technological hurdles, Al Shidhani emphasized that advancing technology, financial innovations, and economies of scale are driving down production costs. Meanwhile, global demand for green hydrogen is surging, fueled by government policies in nations like Germany, Japan, and Korea.