Aug 07 | 2024
Hyport Duqm Project Will Be Powered by Gigawatts of Wind and Solar Energy
DEME and OQ have reached an agreement that allows BP to take a 49% stake in the Hyport Duqm green hydrogen and ammonia facility in Oman.
Belgium-based DEME and Omani state energy company OQ will each retain a 25.5% in the clean fuels project, located at the Special Economic Zone at Duqm, or Sezad, in Oman’s southern governate of Al Wusta.
The deal also sees BP becoming the plant’s operator.
The transaction is expected to be completed in this year’s third quarter.
Oman has its sights on becoming a global hub for renewable energy production, with a series of world-scale wind, solar and green hydrogen projects being built.
As a major plank of its Vision 2040 policy to pivot the economy away from fossil fuels and towards more sustainable sectors, the sultanate is aiming to produce 11% of its electricity demand from renewable sources by 2025 and 30% by the end of the decade.
The Hyport Duqm project is being developed on an area of 150 square kilometers within Sezad. The production of green hydrogen to green ammonia will be powered by wind and solar energy, with a combined capacity of some 1.3 GW in a first phase and potentially more than 2.7 GW in a second.
The project is currently in its pre-front-end engineering design phase. Commercial operations are slated to begin in 2030 or 2031.
DEME also revealed recently plans to build a world-scale green hydrogen facility at the Port of Gargoub on Egypt’s Mediterranean coast. In the first of a three-phase project, Hyport Gargoub will use wind and solar energy to produce about 320,000 tons of green ammonia per year.
DEME and BP are members of the Breakbulk Global Shipper Network, a worldwide network of companies and executives involved in the engineering, manufacturing and production of project cargo. The next in-person meet-up for BGSN members will be at Breakbulk Americas 2024 on 15-17 October in Houston.
