Oman Seeks Investment in the Green Hydrogen Field

Seoul: Mohsin bin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, is leading a group of government and business agencies from Oman on a trip to the Republic of South Korea.

The purpose of the visit is to improve the Sultanate of Oman’s investments in green hydrogen, oil, gas, and minerals in the country, as well as to talk to government officials and senior company representatives about the possibilities for building up the value chain in the country.

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During his trip to the Republic of South Korea, Al Hadhrami met with a number of government officials and people from the private sector. He talked with them about opportunities in the fields of renewable energy, green hydrogen production, transportation and storage projects between the two countries, and finding ways to meet economic and environmental goals.

During the trip, there were also a number of business talks with big Korean companies like Samsung, Hyundai, Posco, and SK. These companies wanted to invest in green hydrogen, oil, gas, and minerals in Oman.

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The Undersecretary of the Ministry of Energy and Minerals said that the visit is about making green hydrogen.

He said that the Ministry of Energy and Minerals has come up with an ambitious plan to make sure that a green hydrogen economy grows. They are also working to promote this sector because it will help diversify energy sources and cut carbon emissions so that the country can become carbon neutral.

He also said that it was a good chance for Omani and foreign companies to work together and help support energy security on a local and global scale and help the economy become more diverse.

Through the “Hydrom” platform for Oman Hydrogen, the Ministry of Energy and Minerals is already giving people the chance to invest in green hydrogen generation projects.

He said that the Ministry is working with its partners in the sector to strengthen the Sultanate of Oman’s position as a pioneering, reliable, and competitive player in the global energy sector and to improve national capabilities by supporting national innovation, bringing industry and advanced technologies in the field to Oman, and building national skills through the development of the renewable energy and hydrogen sectors.

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He said that these visits are part of a plan to promote renewable energy and clean hydrogen on a large scale. They also show that the Ministry of Energy and Minerals is interested in this area and wants to make the most of commercial opportunities and strategic partnerships in the production and export of hydrogen, both locally and internationally.

It also helps speed up the use of hydrogen in heavy industries and energy areas in the area.

During this visit, the delegation took part in the Global Climate Industry Conference and the Global Green Hub Conference in Busan. They also took part in a special discussion between the Republic of Korea and the Sultanate of Oman about green hydrogen in the presence of Han Wha-jin, the Minister of Environment of the Republic of Korea, and senior officials from the Korean and Omani private sectors and the Omani Energy Association.

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The conversation was mostly about ways to invest in the hydrogen industry in both countries, as well as the economic, legal, and technological possibilities in the sector and how to increase the amount of green hydrogen that is made. The two sides also talked about the newest technologies in the green hydrogen value chain, such as electrolysis, moving and storing hydrogen, fuel cells, using hydrogen in heavy industries, moving it, and getting it across oceans. In lowering carbon pollution and planning for the future of transport.

The delegation went on a field trip to the Cheongsongdae factory, where they were told about a pilot project for a pipeline that would transport hydrogen gas by removing it from the gas with carbon capture and turning it into ‘blue hydrogen’. They also went on a field trip to POSCO, a company that specialises in the iron industry, to see how iron is made.

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On Omani-Korean relations in the oil and gas field, Dr. Saleh bin Ali Al-Anbouri, Director General of the Directorate General of Oil and Gas Exploration and Production at the Ministry of Energy and Minerals, said that these relations are a strategic partnership between the two countries in which the realisation of common interests is important. It is important for the Korean side to have a safe and steady supply of all kinds of energy, and it is important for the Sultanate of Oman.

He said that the goal of this trip is to bring in Korean research and production companies that have the money and technical know-how to do these jobs. A set of offshore contracts that will start this year in the third quarter.

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He said that the government of the Sultanate of Oman had made it clear how the oil concession areas, contracting methods, and facilities would be expanded. This was done to create a clear contract that spells out the government’s and the operating companies’ responsibilities and to keep the relationship and the sector going.

Source : timesofoman.com