Hydrom Lands $20B Deal for Green Hydrogen Projects in Oman

Hydrom, an Oman-based hydrogen company, has signed agreements to develop green hydrogen projects that would require an investment of $20 billion, the Gulf nation’s state news agency reported.

The company signed three memoranda of understanding with BP Oman, the Amnah consortium, and the Green Energy Oman alliance.

The three projects are expected to generate a total of 500,000 metric tons of green hydrogen annually from over 12 gigawatts of renewable energy capacity.

The announcement comes in the context of increasing investments in renewables in the Middle East…