Marubeni Signs Joint Development Agreement for Green Hydrogen & Green Ammonia Production Infrastructure in Oman
Oct. 14. 2021
Marubeni Corporation (hereinafter, “Marubeni”) is pleased to announce that, on September 23rd, 2021, the company has signed a Joint Development Agreement (JDA) for conducting a technical and commercial feasibility study on the development of a green hydrogen & green ammonia production infrastructure in the Salalah Free Zone in Oman (hereinafter "the Project"). This will include the construction of a renewable power plant with the alternative energy business unit of OQ SAOC, Oman’s global integrated energy company, Linde plc, a global industrial gas company and Dutco Group, UAE’s engineering company.
As part of the company’s activities for enhancing sustainability, Marubeni issued the Notification Regarding Business Policies Pertaining to Sustainability in Relation to Coal-Fired Power Generation Business and Renewable Energy Generation Business in September 2018, and set the Marubeni Long-Term Vision on Climate Change in March 2021 for the purpose of contributing to solving global climate change. Marubeni owns stakes in power projects across 19 countries (including Japan) for a total net capacity of about 12GW and in Oman, Marubeni participate four PV plant projects including 105MW capacity of PV plant.
Utilizing its experience in acting as a lead developer of these kinds of projects, Marubeni strives to lead the development of the Project to achieve green hydrogen & green ammonia production and its usage with abundant renewable energy sources in the Middle East and promote to build a clean and sustainable hydrogen and ammonia value chain.