Oman, S Korea's KOGAS-Tech to explore green hydrogen cooperation
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November 24 (Renewables Now) - Omani state-owned oil and gas company OQ has signed a memorandum of understanding with Korea Gas Technology Corp (KOGAS-Tech) to study opportunities for green hydrogen cooperation in Oman as part of the sultanate's efforts to develop a green hydrogen economy and harness renewable energy.
The planned cooperation will combine the advanced hydrogen research and developing capabilities of the South Korean city of Daejeon, where KOGAS-Tech's main office is located, with Oman's potential to produce the carbon-free fuel, taking advantage of favourable wind and solar resources, the sultanate's official news agency ONA said on Monday.
The agreement is the latest of several partnership deals in the area of green hydrogen announced by OQ over the last few months. In October, the Omani oil and gas company, Japan's Marubeni Corp (TYO:8002), Linde (NYSE:LIN) and UAE's Dutco teamed up to study the joint development of a project for the production of green hydrogen and up to 1,000 tonnes of green ammonia per day in the Salalah Free Zone in the south of Oman.
The partners are planning to build a 400-MW electrolyser for the production of green hydrogen that will be running on solar and wind power from existing and new parks with a total capacity of 1 GW.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.