Agreements Inked to
Incorporate Phase 2, Phase 3 of ACME Green Hydrogen Ammonia Project
Muscat, 18 May (ONA) — Hydrom,
the Public Authority for Special Economic Zones and Free Zones (OPAZ), and ACME
Group have signed a Project Development Agreement and Usufruct Agreement for
the incorporation of Phase 2 and 3 of ACME’s green hydrogen and ammonia project
in the Special Economic Zone at Duqm (SEZAD).
The agreements mark the
formal onboarding of one of the Sultanate of Oman’s earliest hydrogen
initiatives into Hydrom’s portfolio, concluding the consolidation of all commercial
hydrogen developments under a single national structure.
The agreements were signed by
Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals and Hydrom’s
Chairman along with Sheikh Dr. Ali Masoud Al Sunaidy, Chairman of OPAZ, and Gursharan
Jassal, Country Manager for ACME.
The two new phases span a
combined area of 80 square kilometres and are projected to produce around
71,000 tonnes of green hydrogen and 400,000 tonnes of green ammonia annually
per phase. This expansion follows the commencement of construction for ACME’s
Phase 1 with an output of 100,000 tonnes of green ammonia annually, backed by
an offtake agreement with YARA BIRKELANDAS. With all phases completed,
ACME aims to reach an annual production capacity of 0.9 million tonnes of green
ammonia.
Eng. Abdulaziz Al Shidhani,
Managing Director of Hydrom, said “The formal integration of ACME’s project
into Hydrom’s framework marks a significant milestone in Oman’s green hydrogen
journey. This step not only consolidates Oman’s early initiatives but also
demonstrates our commitment to structured and scalable development. By unifying
all major projects under a cohesive national strategy, we are boosting investor
confidence and reaffirming Oman’s position as a competitive player in the
global green hydrogen market.”
The agreement comes as Hydrom
advances its third land auction round, highlighting the sustained momentum of
Oman’s hydrogen strategy. With a complete portfolio now in place and the
regulatory, infrastructure and human capital enablers progressing as planned,the
sector is moving forward with the clarity and coordination needed to meet
global offtake demand and realize Oman’s long-term ambition to become a leading
global exporter of green hydrogen.
Eng. Ahmed Ali Akaak, CEO of
SEZAD, said the agreements reflect Duqm’s growing appeal as a hub for green
hydrogen and ammonia investment. He affirmed the attention given to the green
hydrogen sector in the Special Economic Zone at Duqm as part of the zone’s
strategy (2025–2030), and the administration’s efforts to adopt green
industrial projects in line with Oman Vision 2040 and the strategy of the
Sultanate of Oman to achieve net-zero carbon emissions by 2050.
Gursharan Jassal, Country
Manager for ACME in Oman expressed, “We are honoured to sign this landmark
agreement for the development of the next phase of the green ammonia project in
Duqm — a pivotal step in advancing Oman’s transition to a sustainable energy
future. This milestone reflects our shared commitment to achieving Oman Vision
2040 and reinforces the Oman’s growing role in the global green hydrogen
economy.”
With this signing, Hydrom’s
awarded portfolio of large-scale green hydrogen projects in the Governorates of
Al Wusta and Dhofar rises to nine, representing over USD 50 billion in expected
investment commitments and a combined production capacity of nearly 1.5 million
tonnes of green hydrogen per annum by 2030. Enabled by nearly 35 GW of
renewable energy, these projects are coordinated within a single national
framework designed to deliver at scale and aligned with global demand. Through
this structured portfolio, Hydrom continues to advance Oman’s positioning as
one of the most advanced and investment-ready hydrogen ecosystems globally.
—Ends/AG
