ENGIE and POSCO Led Consortium to develop a 1.2mtp Green Ammonia Project in Oman
- ENGIE and POSCO led consortium announced as winner of land block (Z1-02) offered by Hydrom
- Venture marks the continuation of ENGIE's and POSCO's alliance, which began through the signing of an MoU in March 2022
- Project reaffirms ENGIE's commitment to accelerating the GCC's low carbon transition
The ENGIE and POSCO led-consortium has been named the winner of land block (Z1-02) offered by Hydrom, the orchestrator and master planner of
The land block will include a total renewable energy capacity of approx. 5GW which comprises wind and solar power, in addition to battery energy storage (BESS) and a hydrogen plant that will produce 200 kilotons per annum (ktpa) of green hydrogen. The hydrogen will then be transported by a pipeline to the Special Economic Zone at Duqm where it will be converted into approximately 1.2 million tons per annum (mtpa) of green ammonia for export. The Commercial Operation Date (COD) is expected by 2030.
"This venture marks a significant leap forward in its worldwide dedication to expediting the transition to low-carbon energy. With presence in
In March 2022, POSCO and ENGIE signed a Memorandum of Understanding (MoU) to explore joint development opportunities for green hydrogen production and related infrastructure in the
Her Excellency Véronique Aulagnon, Ambassador of
With strategic relevance for ENGIE and the involved nations, the project feeds into ENGIE's aim of generating 80GW of renewable capacity and 4 GW of electrolyzer capacity by 2030, thereby solidifying its global standing in the zero-carbon transition. The project is also in line with
The project contract will last for a period of 47 years, broken down into a seven-year development and construction phase followed by a 40-year operational period, and is set to roll out within a month of the contract signing. Construction is projected to begin in 2027, with the first shipment of green ammonia to
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About ENGIE Group
ENGIE is a global reference in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose ("raison d'être"), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022:
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SOURCE ENGIE Group