Air Products, OQ and ACWA Power Sign Joint Development Agreement Toward World-Scale Green Hydrogen-Based Ammonia Production Facility in Oman
ALLENTOWN, Pa. and MUSCAT, Oman and RIYADH, Saudi Arabia, May 26, 2022 /PRNewswire/ -- Air Products (NYSE: APD), OQ, Oman's leading integrated energy group, and ACWA Power (TADAWUL: 2082) today signed a joint development agreement (JDA) toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman.
- It is anticipated that the green hydrogen-based ammonia production facility would be equally owned by the project partners.
- Commenting on this venture, OQ Chairman Mulham Al Jarf said, "We are proud of our partnership with ACWA Power and Air Products.
- Oman continues to be a key market for ACWA Power for its potential, resources and location, making it a tremendous enabler for the production of green hydrogen.
- ACWA Power (TADAWUL: 2082) is a developer, investor and operator of power generation, desalinated water and green hydrogen production plants.