Oman Emerges as a Global Leader in Green Hydrogen Production
Oman is making significant strides in the global green hydrogen market, positioning itself as a leader in sustainable energy production. Hydrogen Oman (Hydrom), a subsidiary of Energy Development Oman (EDO), has signed three groundbreaking agreements that mark a major milestone in the country’s pursuit of becoming a hub for green hydrogen production. These agreements, backed by visionary leadership and strong government support, demonstrate Oman’s commitment to renewable energy and attract global investment. With a focus on green steel production, ammonia production, and export, these projects showcase Oman’s potential and contribute to economic diversification. The substantial investments, estimated at over $20 billion, reflect international confidence in Oman’s renewable energy potential and its attractiveness as a business destination. Furthermore, the government’s commitment to a robust regulatory framework and infrastructure development, as well as strategic collaborations and research partnerships, positions Oman as a global player in green hydrogen production. As Oman advances in this sector, it emerges as a beacon of hope and innovation in the global transition to clean energy, demonstrating its dedication to global environmental goals and sustainable development.
EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
New Exxon board member Hietala brings business transformation experience
Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business.
Oil and gas stocks carry $126 bln cost for Norway’s sovereign fund – research
Norway’s sovereign wealth fund missed out on $125.8 billion in potential returns over a three year period by investing in oil and gas rather than green stocks, according to research from Global SWF, an industry data specialist.
Analysis: To tackle climate change, China must overhaul its vast power grid
One of the most pressing challenges for China to meet its pledge to cap carbon emissions this decade and pivot toward renewables is overhauling its electricity grid, the world’s largest, officials and analysts say.
Ditch new fossil fuel spending to reach net zero emissions – IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
Carbon emissions drop across Europe in 2020 – Eurostat
Carbon emissions from use of fossil fuels fell across the European Union last year, the bloc’s statistics office estimated on Friday, citing COVID-19 restrictions that shut down travel and factories across the region. CO2 emissions from the combustion of fossil fuels – such as oil, coal and natural gas – dropped 10% in 2020 compared […]
Solar Power-Renewable Energy for Power Generation
Solar Power System Electricity is one of the most essential needs for human in the present. With ever increasing concerns on energy security and environmental issues, utilization of renewable energy generation has gain rapid development and global acceptance over the past few decades. Now a day renewable energy has become a trend to get utilized […]
