ACWA Power, OQ, Oman’s integrated energy group, and Air Products today signed a joint development agreement (JDA) toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman.
The JDA signing follows a memorandum of understanding signed in December 2021.
The firms said in a statement that the project would be based on integration of renewable power from solar, wind and storage; production of hydrogen by electrolysis; production of nitrogen by air separation and production of green ammonia.
It is anticipated that the green hydrogen-based ammonia production facility would be equally owned by the project partners.
Air Products Chairman, President and Chief Executive Officer Seifi Ghasemi, said, “We look forward to applying our know-how, technology and more than 60 years of experience in hydrogen to help move this project forward and take another significant step in decarbonizing the world.”
ACWA Power Chairman Mohammad A. Abunayyan said, “As a company that is driving the transition towards a greener future through utilizing cutting-edge technologies and innovative solutions, we are extremely proud to support the Government of Oman’s ambition to pursue decarbonization and advance the development of green hydrogen, considered to be the fuel of the future.”