As part of its commitment to decarbonize operations in Oman and shift toward renewable energy, Vale in Oman has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week. This agreement outlines a collaborative framework to develop renewable energy solutions for Vale’s pelletizing plant in Sohar Port, while also supporting future energy requirements for the planned Green Metallic Mega […]
Pact signed to Drive Energy Efficiency in Oman’s Industrial Hubs Today, the Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation (MoC) with OQ Alternative Energy (OQAE) to launch an Energy Excellence Programme, as part of their efforts to reduce carbon emissions in economic zones, free zones, and industrial […]
The collaboration is aimed at paving the way for large-scale imports of liquid hydrogen into Europe. It was signed during the state visit of His Majesty the Sultan of Oman to the Netherlands, in the presence of Reinette Klever, the Minister of Foreign Trade. The agreement was signed by a total of eleven parties, including […]
The Gulf Cooperation Council (GCC) region is witnessing a surge in electricity investment, driven by ambitious renewable energy targets, according to a recent report by Fitch Ratings [1]. The report highlights that the growth in investment is primarily supported by the GCC’s commitment to increasing the share of renewable energy and improving the efficiency of […]
Oman is making significant strides in its renewable energy sector, with plans to launch ten new projects between 2027 and 2029 [1], targeting a combined capacity of around 2,300MW. This ambitious move is part of the sultanate’s broader efforts to diversify its energy mix and reduce reliance on fossil fuels, aligning with Oman Vision 2040, […]
The agreements have been signed with Hafeet Rail Infrastructure, the region’s first cross-border rail network connecting Oman and the UAE. Emsteel, the region’s largest publicly traded steel and building materials manufacturers, has established strategic partnerships to streamline raw material sourcing from Oman and cross-border rail transport. Emsteel has formalized agreements with Hafeet Rail Infrastructure, the […]
Oman is gearing up to harness its renewable energy potential to power its Artificial Intelligence (AI) initiatives [1], according to the Ministry of Transport, Communications, and Information Technology. Eng. Said bin Hamoud al Maawali, the Minister, emphasized the importance of preparing for the expected surge in electricity demand driven by AI, which is projected to […]
The company is to set up the pellet and DRI plants India’s Larsen & Toubro (L&T) said its minerals & metals (M&M) business vertical had received an order to set up a pellet plant and a direct reduction of iron (DRI) plant in the Middle East & North Africa (MENA) region. The GCC order is a […]
In a significant move towards achieving its Net Zero goals, Oman’s Ministry of Energy and Minerals has introduced a new policy framework [1] aimed at fostering investments in energy storage. The policy, known as the “Electricity Self-Generation, Direct Sales, and Wheeling Policy,” is designed to promote the growth of integrated renewable energy capacity, including generation, […]
The Middle East and North Africa (MENA) region is projected to attract over $1 trillion [1]in renewable energy investments by 2030, according to Mark Thomas, Group CEO of Bapco Energies. This announcement was made during the third edition of the Sustainability Forum Middle East, held in Bahrain. The forum, which drew over 400 regional and international decision-makers, […]
There are 7 major factories producing iron ore in Oman now, contributing to the Sultanate’s GDP increased to more than 2% according to the statement by the Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) The 2022 industrial survey data showed that the exports of these factories amounted to […]
Oman– Vitkovice Steel has agreed to purchase about 1 million tonnes per annum of low-carbon steel from Vulcan Green Steel, now under construction at Duqm SEZ. The Indian industrial powerhouse Jindal Steel Group is currently negotiating a purchase of the significant Czech mill Vitkovice Steel. This acquisition is expected to benefit Jindal’s Vulcan Green Steel project, which […]
