Shell has acquired a 35% interest in the Green Energy Oman (GEO) project that envisages the production of green hydrogen in the Sultanate from 25 GW of solar and wind power.
The acquisition is part of a cooperation agreement between Shell and state-owned oil and gas company OQ in the area of green hydrogen, Oman’s Ministry of Energy and Minerals said on Tuesday.
The ambitious GEO project was unveiled in May 2021. The consortium behind it includes green fuels developer InterContinental Energy (ICE) and Kuwait’s state-backed energy investor EnerTech (ETC) along with OQ.
The huge complex will be located in Al Wusta governorate, central Oman. The target is to produce 1.8 million tonnes of green hydrogen and up to 10 million tonnes of green ammonia per year.
In April 2022, Australian engineering group Worley Ltd (ASX:WOR) was selected to provide concept feasibility study services for the project.
