Oman has signed a land reservation agreement for a green hydrogen and ammonia project that Indian company ACME aims to set up in the Special Economic Zone at Duqm, Oman’s state news agency said on Twitter on August 23.
The deal is part of a plan by Oman’s Public Authority for Special Economic Zones and Free Zones to promote investment in clean energy by producing hydrogen and ammonia from renewable energy to boost its use, including in transport and industry, the agency said.
As we’ve written previously, this summer Arab economies jostle for position in $200 billion green hydrogen race.
