en.Wedoany.com Reported - ACME Group has signed investment agreements for the second and third phases of its green hydrogen project in Duqm, Oman. This expansion is a key component of a package of investment agreements recently announced by the Special Economic Zone at Duqm (SEZAD).

The investment for this expansion amounts to approximately $4.2 billion, covering a development area of about 10 square kilometers.

According to the plan, each phase of the project will achieve an annual production capacity of 71,000 tons of green hydrogen and 400,000 tons of green ammonia. Specifically:

The second phase is scheduled to commence production in 2030;

The third phase is scheduled to commence production in 2033.

ACME stated that the land allocation approval for this expansion project is a significant milestone in supporting Oman's goal of becoming a global green fuel hub, and will also provide a more comprehensive planning foundation for future hydrogen and green ammonia infrastructure development.

Substantial progress has already been made on the project. China's Shuangliang Group completed the delivery of the 80MW green hydrogen production system for the first phase earlier this year.

(Source: ACME, Global Hydrogen Network, New Energy Network)

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