Bangkok 22 Jun-PTTEP Moving forward to develop the energy of the future, joining hands with 5 leading companies in the world Pushing for a large-scale green hydrogen production project in the Sultanate of Oman. Aims to start production of green hydrogen in 2030.
Mr. Montri Lawanchaikul Chief Executive Officer of PTT Exploration and Production Public Company Limited or PTTEP revealed that PTTEP by Future Tech Energy Ventures Company Limited (FTEV) ), which is a subsidiary along with 5 leading alliances from South Korea. and France won the concession block bid and signed the Project Development Agreement and the concession block lease agreement Sub-usufruct Agreement with Hydrogen Oman Company or Hydrom, an agency of the Government of Oman. to receive the right to develop a green hydrogen production project In the concession block Z1-02 for a period of 47 years, the concession block is located in the province of Duqm in the eastern sultanate of Oman. Participating in the development of this large-scale green hydrogen production project This is a milestone for PTTEP in expanding its business towards clean energy. The goal is to produce about 220,000 tons of green hydrogen per year.
after this The consortium will conduct a feasibility study and a technical study of the project. and will continue to evaluate the investment value
The Z1-02 concession block covers an area of approximately 340 square kilometers. Located in Duqum Province, Oman, the joint venture consists of FTEV, a conglomerate from South Korea. These include POSCO Holdings, Samsung Engineering Co., Ltd., Korea East-West Power Co., Ltd. and Korea Southern Power Co., Ltd. and MESCAT Middle East DMCC, a subsidiary of France's ENGIE. with world-leading expertise in renewable energy development
This green hydrogen production project in Oman Covering the complete hydrogen production process (Hydrogen Value Chain) from the development of solar and wind power plants. Which is a renewable energy (Renewable Energy), with a total capacity of about 5 gigawatts (GW), the development of green hydrogen production plants using such electricity in the production process, both of which will be located in the Z1-02 concession block and Developing a plant that converts hydrogen to liquid green ammonia. for ease of transportation will be located in the Special Economic Development Zone in Du Kum Province It is expected to begin construction in 2027 and start production (Commercial Operations Date) of Green Ammonia in 2030 at the rate of approximately 1.2 million tons per year. Green Ammonia will be exported to South Korea, who is the buyer. The remainder of the green hydrogen will be used within Oman
“Oman is one of the top countries in the world with solar and wind potential. and progress in pushing forward the concrete development of hydrogen projects. PTTEP and its partners have been selected as one of the developers of this large-scale green hydrogen project. This is considered a success and an important step in expanding investment in clean energy business in potential areas of the world. This will be beneficial to the development of new energy sources that will be the energy of the future as well as being part of supporting the goals of low-carbon organizations. to create sustainable growth as well,” said Mr. Montri.
PTTEP currently invests in petroleum exploration and production in Oman. Both Upstream and Midstream businesses include the Oman Block 61 Project, which is the country's largest onshore natural gas field. PDO Project (Block 6), Mukhaizna Project (Block 53), a large producing onshore crude oil field, Oman Onshore Block 12 and Oman LNG Project, the only liquefied natural gas production facility in Oman. .-Thai News Agency
Source: Thai News Agency