German energy trading company Uniper will join Oman’s planned green hydrogen project as an off-taker and will help it secure financing.
Uniper will provide engineering services and negotiate an offtake agreement for green ammonia derived from the hydrogen to be produced at the plant located within the Duqm free zone.
An offtake agreement is an arrangement between a producer and a customer to purchase or sell portions of the producer's goods.
The project will use 250 to 500 megawatts of clean energy capacity to produce green ammonia in the first phase, with a planned expansion of up to 1.3 gigawatts of renewable power generation from wind and solar sources, Uniper said on Monday.
The German company signed the agreement with the project’s shareholders, DEME Concessions and OQ Alternative Energy.
The green ammonia produced at the Duqm unit will be used to help Germany with its energy transition goals. “One way of achieving this is to import green ammonia and convert it into hydrogen,” Niek den Hollander, chief commercial officer at Uniper, said. “Germany will be heavily dependent on imports if we want to use hydrogen to help us achieve our climate goals.”
Oman is drawing up plans to expand its renewable energy sector, setting a target of generating 11 per cent of its electricity from clean energy sources by 2023. The sultanate, which signed the Paris climate agreement in 2016, also aims to add 30 per cent of clean energy into its power mix by 2030.
Many Gulf oil exporters have already started prioritising investments in building a hydrogen economy to decarbonise their energy systems and diversify revenue. Earlier this month, the Abu Dhabi National Energy Company, also known as Taqa, and Abu Dhabi Ports announced plans to develop a 2GW green ammonia project in the UAE.
The planned facility will tap a 2GW solar photovoltaic plant to power an electrolyser to produce green hydrogen, which will in turn be processed into liquid ammonia.
The green ammonia will be used in ships as bunker fuel and for export from Abu Dhabi Ports through gas carriers.
Other entities in the UAE, such as the Khalifa Industrial Zone Abu Dhabi, also plan to develop a $1 billion green ammonia project.
The specs
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- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Specs
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Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Killing of Qassem Suleimani
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
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PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
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UFC Fight Night 2
1am – Early prelims
2am – Prelims
4am-7am – Main card
7:30am-9am – press cons
Greatest Royal Rumble results
John Cena pinned Triple H in a singles match
Cedric Alexander retained the WWE Cruiserweight title against Kalisto
Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus
Jeff Hardy retained the United States title against Jinder Mahal
Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos
Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe
AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out
The Undertaker beats Rusev in a casket match
Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match
Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE currency: the story behind the money in your pockets
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
