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Revised production capacities + timelines: Belgian dredging firm Deme reports BP’s 49% acquisition of the Hyport Duqm hydrogen and green ammonia project will be finalized in 3Q 2024, according to a press release (pdf) released on Thursday. The project is in the pre-front-end engineering design phase and is set to be operational in 2030-2031.
The project’s renewables production capacity is also larger than initially reported. Oman’s first large-scale green hydrogen project — which will cover an area of 150 sq km at Oman’s Special Economic Zone at Duqm — will be powered by solar and wind energy with an initial combined production capacity of 1.3 GW in the first phase which will expand to produce 2.7 GW upon completion of the second phase.
REMEMBER- Oman is targeting the production of 1.38 mn tons of hydrogen annually by 2030. Its state-owned Hydrom signed an agreement last year with the Hyport Duqm Consortium — a JV between OQ Alternative Energy and DEME Concessions — for the construction of a green hydrogen production facility to produce some 1 mn tons of green ammonia. OQ Alternative Energy — the green unit of OQ — is also among the backers of the Green Energy Oman clean fuels hub which will aim for a production capacity of 1.8 mn tons of green hydrogen annually, supplemented by 25 GW of renewables.
