Overview
ACME Group’s green hydrogen project in Oman is a major international investment in green hydrogen and green ammonia production, led by the India-based ACME Group. The project is planned for development in the Special Economic Zone at Duqm and represents one of several large-scale green hydrogen initiatives being developed in Oman. ACME’s project aims to produce green ammonia for export to Asian and European markets using renewable electricity generated from solar and wind resources. The investment reflects the growing interest from international energy companies in Oman’s green hydrogen potential and the favourable conditions the country offers for large-scale renewable energy production.
Key Facts
- Developed by India-based ACME Group, a major renewable energy company
- Located in the Special Economic Zone at Duqm
- Targets production of green ammonia for export markets
- Powered by dedicated solar and wind generation capacity
- Multi-billion dollar investment over phased development
- Signed development agreements with the Omani government
- Part of a broader portfolio of green hydrogen projects in Duqm
Significance for Vision 2040
The ACME green hydrogen project validates Vision 2040’s strategy of positioning Oman as a global green hydrogen hub. The involvement of a major Indian industrial group demonstrates that Oman’s green hydrogen value proposition attracts investment from beyond the traditional Gulf energy investor base, diversifying both the source of foreign capital and the export market destinations. The project contributes to Vision 2040’s economic diversification by creating a new industrial sector with substantial employment and revenue potential. ACME’s investment also strengthens Oman-India economic ties, supporting the broader trade and investment relationships that Vision 2040 seeks to develop. The project’s location in Duqm adds to the critical mass of industrial investment in the special economic zone, reinforcing its viability as a major integrated industrial hub.