POSCO Consortium wins largest green hydrogen plant in Duqm

The consortium consists of four Korean companies, a French firm and a Thai corporate. POSCO holds a 28% equity in the group, followed by Samsung Engineering Co.’s 12% and the two Korean state-run power companies’ 24%.

Oman to produce green hydrogen for 2050 netzero target

Oman plans to produce a million tons of green hydrogen by 2030 and has set up a state-owned company as part of its plan to achieve net-zero carbon emissions by 2050. Hydrogen Oman, better known as Hydrom, will be a subsidiary of Oman’s state-owned Energy Development Oman, the sultanate’s state media reported on Sunday. Oman

Fujairah faces more bunkering competition

The UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, is facing increased competition to supply marine fuels in the region, with new entrants ranging from Saudi Arabia to Qatar and Egypt. Qatar has started supplying marine fuels for its own LNG fleet and is now probably the second-largest bunkering hub in the Middle East