The consortium led by ENGIE and POSCO was awarded land block (Z1-02) by Hydrom. The concession block is located in Duqm.
ENGIE and POSCO have announced their role as spearheads in a consortium designed to mobilize Oman’s renewable energy resources through the development of a green ammonia project with a capacity of 1.2 million tonnes per year. Other partners in the consortium include Samsung Engineering, Korea East-West Power Co., Korea Southern Power Co., and FutureTech Energy Ventures Company Ltd.
The project will include up to approximately 5 GW of new wind and solar capacity, Battery Energy Storage System (BESS) and a renewable hydrogen plant with a capacity of up to 200 ktpa. The hydrogen will then be transported by a hydrogen pipeline to be built till the port of Duqm where it will feed the ammonia production plant. 1.2 mtpa of green ammonia will be exported in Korea in 2030.
The project contract will last for a period of 47 years. Construction is projected to begin in 2027, with the first shipment of green ammonia to Korea planned for H2 2030.