Muscat: On the heels of their rejuvenated interest in green energy, OQ has set its eyes on investing in the sectors of decarbonised steel, cement and other low-carbon industries once, green hydrogen production from renewable energy resources is achieved in Oman.

This comes under the purview of OQ’s aim to incorporate alternative energy initiatives that it aims to implement in partnership with international players to help drive Oman’s economic diversification and support global energy transition goals. 

Dr Salim al Huthaili, CEO — Alternative Energy, commented recently, “OQ remains a key player and partner of choice for the Omani government and international investors, building on our history and experience in partnering with local and international investors, in developing and financing projects.’’

He also added, “This has given us unique skillsets that gear us in enabling this change. We now want to scale up and transfer these skillsets into the renewable energy space.”

Speaking on the topic of zero-carbon products and fuels, Dr Al Huthaili stated, “We are trying to create a new industry in Oman — we are thinking about green steel and green cement projects downstream from our (investments) in green hydrogen, for example.’’