Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed the land usufruct agreement with Green Hydrogen and Chemicals Company (GHC), a joint venture between the UK-based ACME Company and Norway-based Scatec, to develop the phase one of the green hydrogen and ammonia project in the Special Economic Zone at Duqm.
The agreement was signed by HE Dr. Ali bin Masoud al Sunaidy, Chairman of OPAZ and Mr. Manoj Upadhyay, Chairman and Founder of ACME Group.
Under the agreement, the GHC Company will begin developing the first phase of the project over 12 square kilometers of land to produce 100,000 metric tons of green ammonia per annum in the Special Economic Zone at Duqm. Once fully developed, the project is expected to generate up to 1.2 million tons of green ammonia annually.
Rajat Seksaria CEO – ACME Group
“The signing of the usufruct agreement is an important milestone in setting up this green hydrogen and green ammonia project. We will start the construction activities soon and build one of the most advanced technologies and create a state-of-the-art facility. This project helps open a new chapter of business cooperation between our countries, India, the UK and Oman. We extend our gratitude to the Sultanate of Oman for helping us contribute to the journey of innovation and transition to clean energy sources. We are also delighted to have Scatec as our joint venture partner in this exciting venture.”
Eng. Yahya bin Khamis al Zadjali, in charge of managing operations of the Special Economic Zone at Duqm, said that “The Special Economic Zone at Duqm will play a major role in the future of energy transition in Oman. Signing this agreement will serve as a testament to the sultanate being an ideal hub for green hydrogen and green ammonia projects, considering the high solar irradiation and wind resources all year round. Accordingly, it will attract further investments and projects to Oman and Duqm, in particular.”
This usufruct agreement proceeded with the signing of the land reservation agreement between OPAZ and ACME Group in August 2021, which included conducting field studies of the project as well as installing a weather monitoring station to measure the solar and wind potential in Duqm.
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