Tag: Green

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Potential for commercialization of Oman ‘green mineral’ resources

Image Source: ScienceDirect Mineral ores at the heart of modern technologies driving the global energy transition can be found in abundance in the Sultanate of Oman, says the Ministry of Energy and Minerals. Sustainable commercialisation of these ores can help unlock substantial deposits of nickel, lithium, cobalt, rare earth minerals, Platinum Group Metals (PGMs), copper, […]
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Oman targets 11 PPP projects for implementation in 2024

Image Source: Oman Times The Omani government has announced plans to progress the implementation of as many as 11 sizable projects and initiatives under its strategic Public-Private Partnership (PPP) programme during 2024. The projects in question, outlined in the 2024 State Budget, span several sectors, including Transport & Logistics, Health, Education, Agriculture and Fisheries, Construction, […]
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Samsung C&T to set up mega Oman green ammonia project

Image Source: TaiyangNews South Korea’s Samsung C&T Corp. is collaborating with leading multinational companies – Japan’s Marubeni Corporation and Oman’s state-owned energy company OQ – for a large-scale green ammonia project, SalalaH2, in the sultanate, reported The Pulse news portal. A mega project, SalalaH2 aims to produce 1 million tonnes of green ammonia annually within […]
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Oman’s wealth fund invests in US-based EV battery start-up

Image Source: ZAWYA The Oman Investment Authority has invested in US-based electric vehicle battery start-up Our Next Energy (One). Oman’s sovereign wealth fund also signed a strategic co-operation agreement with One to identify potential areas of partnership in energy and battery storage in the sultanate, Oman News Agency reported on Wednesday. The financial value of the transaction was […]
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Oman’s X2E plans to invest $1.6bln across alternative fuel value chain

Image Source: ScienceDirect Omani-Scottish waste to value start-up X2E is lining up projects worth $1.6 billion across the alternative fuel value chain including biodiesel and Sustainable Aviation Fuel (SAF) over the next two years, its Founder and CEO John Jones told Zawya Projects in an exclusive interview. The company plans to cultivate Camelina – a drought […]
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Amnah Consortium Pivots To Green Steel, Harnessing Oman’s Green Hydrogen For Industrial Decarbonization

Image Source: ChemAnalyst Amnah, the consortium securing Oman’s first land block for green hydrogen, has revealed plans to utilize its renewable hydrogen output in Duqm for green steel production. Mark Geilenkirchen, Project CEO, highlighted the strategic commitment to use green hydrogen domestically instead of exporting derivatives like ammonia. The decision aligns with Oman’s focus on […]
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Oman shows how a fossil fuel producer can embrace clean energy

Image Source: The nature conservancy The country is using its existing energy infrastructure to fast-track its green transition. Ahead of the COP28 climate talks in Dubai later this year, the role of oil and gas-producing economies in the clean energy transition is coming into sharp focus. Ensuring that countries – including those that have relied on oil […]
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Some subsidy allocations pared in Oman’s 2024 State Budget

Image Source: Oman Daily Modest cuts have been announced in subsidy allocations across a range of utilities and essential services in the 2024 State Budget of the Sultanate of Oman. This is in line with the government’s commitment to gradually rolling back subsidies – part of its longstanding bid to reduce the budget deficit. Subsidy […]
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Seven project categories eligible for green finance in Oman

Image Source: Oman Ssustainability Week Projects ranging from rail electrification and energy storage systems to offshore wind farms and waste-to-energy schemes are among dozens of initiatives that will qualify for green finance under the Sustainable Finance Framework launched by the Sultanate of Oman last week. The framework, the first of its kind in the Gulf […]
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