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A staggeringly fast rise in energy stakeholders’ appetite for hydrogen – potentially the world’s ‘new oil’ – means blueprints in the Gulf countries are transforming into real progress.
In Saudi Arabia, Air Products, Acwa Power, and Neom’s deal for a $5 billion green hydrogen-based ammonia production plant powered by renewable energy is a momentous step in a greener direction for the world’s biggest oil exporter. The project, which could be the world’s largest green hydrogen unit, will supply 650 tonnes per day of carbon-free hydrogen for global transport and reduce 3 million tonnes of carbon dioxide per year.
The kingdom’s blue ammonia shipment – another global first – to Japan in late 2020, intended to co-fire coal power generation plants, was significant in bolstering sustainable hydrogen usage and a circular carbon economy.
Opaz, Sabeen in deal to develop commercial, leisure hub in Duqm
MUSCAT, February 11, 2021 Oman s Public Authority for Special Economic Zones and Free Zones (Opaz) has signed a land usufruct agreement with Sabeen Group to set up a commercial-entertainment centre over a 10,500 sq m area in the Special Economic Zone at Duqm (Sezad), said a report. The first phase of the project will bring a centre consisting of different facilities, such as cinemas, virtual reality games, and an indoor golf course, as well as restaurants, shops with local, regional and international brands, reported Oman News Agency. The second phase will be developed at a later stage to introduce a 4-star hotel, residential and commercial buildings to provide integrated services for visitors.
OER summit to focus on opportunities and challenges facing manufacturing sector in Oman
By: Times News Service
Muscat: OER’s Manufacturing Summit to be held on March 24 will train the spotlight on the opportunities and challenges facing the manufacturing sector in Oman.
It will do a deep dive into unlocking the potential of the sector, creating job opportunities and negotiating new found challenges i.e. logistical disruption, shrinking international export markets and enhanced global and regional protectionist policies. OER’s first of its kind manufacturing summit will bring in government officials, C-suite executives, consultants and analysts to discuss a cross-section of issues impacting the manufacturing sector in Oman, possible solutions and the way ahead.
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