Oman Exports First Ammonia Shipment

The Sultanate of Oman has started exporting the first shipment of ammonia to the global market (Oman News Agency).
The Sultanate of Oman has started exporting the first shipment of ammonia to the global market (Oman News Agency).
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Oman Exports First Ammonia Shipment

The Sultanate of Oman has started exporting the first shipment of ammonia to the global market (Oman News Agency).
The Sultanate of Oman has started exporting the first shipment of ammonia to the global market (Oman News Agency).

Oman started exporting the first shipment of ammonia, allowing the Gulf state to be part of the global ammonia market.

On Sunday, the Global Integrated Energy Group (OQ) announced the start of production at the ammonia plant in the Dhofar Governorate, with a production capacity of 1,000 metric tons per day of liquid ammonia.

The ammonia plant is one of the strategic growth projects wholly owned by the OQ Group with an investment of $463 million.

Hilal al Kharusi, CEO of commercial and downstream unit at OQ, said: “The ammonia project comes within OQ’s efforts to enhance the added value of natural resources and support the Omani government’s economic diversification plans. The plant will export its products to targeted global markets, especially in Asia, further contributing to the enhancement of the Omani exports.”

“The start of production operations at the plant is a key milestone that enhances the contribution of OQ Group. The demand for ammonia products in the global markets is witnessing constant growth leading to higher returns. This situation renders the project highly feasible,” he added.

The new ammonia plant has been designed to retain the hydrogen-rich purge gas generated by OQ’s methanol plant as feedstock for the ammonia plant.

Ammonia is used as a key ingredient in the production of fertilizers and is an important intermediate chemical in the manufacturing of synthetic resins, detergents, coolants, synthetic fibers, and polyurethanes, among other applications.

Ammonia is also used in the production of green hydrogen which is a key component of OQ’s energy transition agenda.



Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

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Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

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Saudi Arabia is pushing towards achieving carbon neutrality by 2060 and developing a green economy.
Skytower Investments, a renewable technology, green manufacturing, supply chain and green power production investment company, is actively seeking new partnerships to advance carbon and green hydrogen technologies.
Such initiatives will bring new economic opportunities to Saudi Arabia.
Skytower Investments predicted Saudi Arabia attracting more investments in upcoming projects, creating opportunities for global companies and boosting job growth. This supports Saudi Arabia’s role as a driver of sustainable growth in the region, with plans underway to foster green economy development.
The investment company has backed a recent agreement between Riyadh and Washington for a transcontinental green trade corridor, aiming to facilitate trade and climate adaptation strategies.
Saudi Arabia is promoting this initiative globally, benefiting neighboring and South Asian countries. It aims to expand green supply chains, green manufacturing, and digital transformation, contributing to a sustainable future.
Hydrogen production is seen as economically valuable for Saudi Arabia, leveraging its abundant natural resources and young, dynamic population.
The Kingdom’s green potential lies in its high-quality silica resources, used for green energy production and advanced manufacturing.
Chairman Neil Bush of Skytower Investments highlighted ongoing efforts to strengthen partnerships and support Saudi Arabia’s economic goals under Vision 2030. This includes promoting green energy, green hydrogen, and carbon economy technologies.
Skytower Investments CEO Eric Fang aligned current efforts with Saudi Arabia’s strategy to support local, regional, and global development, focusing on high-quality job creation in the green industry.
Saudi partner Abdullah bin Zaid Al Mulaifi mentioned rapid progress in introducing green energy and technologies, supporting Saudi Arabia’s goals for green and carbon-neutral energy by 2060.
Skytower Investments plans to invest further in specialized global technologies, collaborating with public and private sectors in the Kingdom.