State-owned HYDROM subsidiary launched

MUSCAT, OCT 23

To lead the country’s ambitious green hydrogen strategy, the Government has established HYDROM, a fully owned autonomous subsidiary of Energy Development Oman SAOC. Regulated by the Ministry of Energy and Minerals (MoEM).

HYDROM’s mandate includes the delineation of Government-owned land areas and the structuring of associated large-scale world-class green hydrogen projects, managing the process for their allocation to developers as well as facilitating the development of common infrastructure and connected ecosystem industries and hubs in close collaboration with the Public Authority for Special Economic Zones and Free Zones (OPAZ).

On November 6th, HYDROM will be opening a first public bid round aimed at awarding the first land blocks by 2023 to meet the 2030 production target.

Dr Firas al Abduwani Acting Managing Director of HYDROM said: “We at HYDROM look forward to working with international partners to build the future of energy.

The bid round we announced today is the first of its kind globally and we are convinced it will help accelerate the development of the green hydrogen industry in Oman and globally.”