UK major BP has taken over as operator of Oman’s Hyport green hydrogen project in Duqm, Oman. As part of a hydrogen strategy update announced alongside its Q2 results on 30 July, BP revealed it had taken a 49% operator’s stake alongside Omani state firm OQ and Belgium’s DEME who will retain a 25.5% stake in the project.
DEME, in a 31 July press release flagging the deal, says that it expects the transaction to complete this quarter. The announcement also update’s the project’s capacity to 57,000 t/y from 50,000 t/y. “The project is in the pre-front-end engineering design phase, with the commercial operations date scheduled for 2030-2031,” DEME adds. The Duqm Hyport project will include roughly 1.3GW of combined wind and solar power capacity in its first phase, with the possibility of ramping up to 2.7GW in a second phase. (CONTINUED - 275 WORDS)