ACME to invest USD 4.2 billion to expand Oman green hydrogen project, boosting ammonia output and supporting clean energy transition growth.
June 19, 2026. By EI News Network
Hydrogen Oman (Hydrom) has announced a major expansion in Oman’s green hydrogen sector, with India-based ACME Group committing around USD 4.2 billion to develop the second and third phases of its green hydrogen and green ammonia project in the Special Economic Zone at Duqm (SEZAD).
The investment marks a significant step in Oman’s push to emerge as a global hub for green hydrogen production and exports, while also supporting the country’s broader economic diversification strategy through large-scale renewable energy investments.
The expansion follows the signing of Project Development and Usufruct Agreements between Hydrom, the Public Authority for Special Economic Zones and Free Zones (OPAZ), and ACME Group. The agreements integrate the project into Oman’s national hydrogen framework, setting the stage for structured execution and long-term industrial development.
Under the expansion plan, ACME will develop the second and third phases of its Duqm-based green hydrogen and ammonia complex across roughly 80 sq km.
Each phase is expected to produce about 71,000 tonnes of green hydrogen annually and around 400,000 tonnes of green ammonia per year, significantly boosting overall capacity. The first phase of the project, currently under construction, is designed to produce 100,000 tonnes of green ammonia annually.
Once all three phases are completed, the Duqm facility is projected to reach a total output of nearly 900,000 tonnes of green ammonia per year, placing it among the largest such projects in the Middle East.
Green ammonia is increasingly seen as a key carrier for green hydrogen, enabling easier storage and transport of clean energy across global markets.
Hydrom said that the latest commitment reflects rising global investor confidence in Oman’s green hydrogen ecosystem. Beyond energy production, the project is expected to drive downstream industries, strengthen supply chains, and create employment opportunities across the renewable energy value chain.
With ACME’s expanded investment, Oman’s awarded green hydrogen projects across Al Wusta and Dhofar now exceed $50 billion in total planned investments.
These projects are backed by nearly 35 GW of renewable energy capacity and aim to produce around 1.5 million tonnes of green hydrogen annually by 2030, underscoring Oman’s ambition to become a leading clean energy exporter.
Hydrom said that green hydrogen is evolving into a core pillar of Oman’s economic diversification strategy, attracting foreign investment and enabling large-scale industrial development alongside renewable power expansion.
With a structured project pipeline and supportive regulatory environment, Oman continues to position itself as a major global hub for green hydrogen and green ammonia production, aligned with the global shift toward low-carbon energy systems.
