ACWA Power, OQ, Oman’s leading integrated energy group, and Air Products signed a joint development agreement (JDA) toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman.
The JDA signing follows a memorandum of understanding signed in December 2021.
Envisioned for Oman's Salalah Free Zone, the joint venture project would be based on proven, world-class technology and include: the innovative integration of renewable power from solar, wind and storage; production of hydrogen by electrolysis; production of nitrogen by air separation; and production of green ammonia.
It is anticipated that the green hydrogen-based ammonia production facility would be equally owned by the project partners.
“We aim to leverage our proven track record, knowledge and expertise in developing sustainable global scale green projects including NEOM – a pioneering at-scale green hydrogen and ammonia facility, and we are confident of leading green hydrogen development globally through partnership and collaboration,” Abunayyan added.
