Oman Hydrogen has signed 6 agreements for green hydrogen production in Oman worth more than $20 billion, the Omani state news agency reported.
The deal includes several developers from different countries and will last for seven years, the state agency added.
Oman aims to increase green hydrogen production from 32,500 to 3.75 million tonnes per year by 2040 and from 3.5 to 8.5 million tonnes per year by 2050. The country estimates that it will need a cumulative investment of $140 billion over this period to reach its production target by 2050.
