New York City-based firm H2-Industries Inc announced today the signing of a pact with the Public Establishment For Industrial Estates - Madayn to develop a USD-1.4-billion (EUR 1.29bn) solar-powered waste-to-hydrogen project in Oman.
H2-Industries has developed a technology to turn organic waste and existing landfill waste into green hydrogen and pure carbon dioxide (CO2) without the use of external electricity or burning waste.
The newly-signed memorandum of understanding (MOU) calls for the construction of a facility on a 200,000-sq-m coastal site to initially convert up to 1 million tonnes of municipal solid waste per year, with a possible expansion to 4 million tonnes of waste.
H2-Industries estimates the export value of the annual production of hydrogen and CO2 generated from the waste at more than USD 268 million. It represents 67,000 tonnes of green hydrogen and 1 million tonnes of CO2, according to the announcement.
The scheme also includes the construction of a 300-MW solar photovoltaic (PV) plant with 70 MW of energy storage capacity.
The US company noted that using its Liquid Organic Hydrogen Carrier (LOHC) technologies, the green hydrogen produced at the site can be transported for international use. Alternatively, the firm can create low-cost synthetic diesel or sustainable aviation fuel (SAF) with the captured CO2.
Earlier this year, H2-Industries got preliminary approval to build a 1-GW waste-to-hydrogen plant in Egypt that is expected to produce 300,000 tonnes of green hydrogen per year.
(USD 1.0 = EUR 0.923)
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