Duqm Economic Forum to focus on investment in green industries
Published: 03:09 PM,Sep 23,2023 | EDITED : 07:09 PM,Sep 23,2023
BUSINESS REPORTER
MUSCAT, SEPT 23
The Duqm Special Economic Zone (SEZAD) will host the Duqm Economic Forum on October 16 and 17. The event has been organised by the Public Authority for Special Economic Zones and Free Zones (OPAZ), with the support of several government agencies and the participation of a number private sector companies.
Over the course of two days, the forum will address current advancements in the green industry sector as well as the most prominent initiatives that have attracted investment to SEZAD and the Sultanate of Oman as a whole. These topics will be discussed in light of the growing local and international trend towards green industries and renewable energy.
This is in line with the OPAZ's focus on green industries, encouragement of investment in this field in response to the directives of His Majesty Sultan Haitham bin Tarik, and in support of Oman’s 2050 Net Zero target.
Among the strategic investments that SEZAD attracted in the green industries sector are the Vale Green Iron Production Complex, the Jindal Shadeed Group's green iron production initiatives, and the reduced iron factory that Kobe Steel and two Japanese companies, Mitsui and Partners Limited, will construct. These activities are crucial from a strategic standpoint in order to achieve Oman's goals of reducing carbon emissions.
A number of discussion sessions covering the benefits of renewable energy in Duqm, supply and demand trends, consumer requirements, and chances for successful investment in green industries in SEZAD are part of the Duqm Economic Forum, which is organised in strategic partnership with Asyad Group, Oman's leading global integrated logistics provider, and Vulcan Green Steel Company, part of Jindal Shadeed Iron & Steel Group.
The forum will also focus on the green hydrogen industry, solar and wind energy, energy transition efficiency, energy storage, the need for green energy in international markets, and the anticipated function of public-private partnerships in the success of renewable energy projects.
Additionally, the forum will cover renewable downstream projects in Duqm, utilising Duqm's enormous natural renewable energy potential, supplying renewable energy, decarbonisation, satisfying industrial demand for green materials, IoT and smart manufacturing, and chances for exporting renewable energy.
The discussions will cover the prospects in the supply chain and the crucial role of Duqm Port as a green port in promoting investment in the green industries sector in light of the synergy between the various projects in SEZAD. One of the primary SEZAD enablers, Duqm Port serves as a multimodal global logistics centre and a key entry point to both local and international markets.
Along with the potential for large industrial companies that rely on infrastructure and the Port of Duqm for their operations, the potential for shipping, maritime, and transport companies in SEZAD will also be explored. In addition, the outstanding investment prospects in this important hub for global commerce and pioneer in the distribution of renewable energy will be discussed.
The forum will cover key innovations in the petrochemical sector and how they contribute to the production of numerous essential components of the renewable energy system, such as solar panels, wind turbines, batteries, thermal insulation, and electric vehicles. Various presentations will focus on interest in green industries. The debate will also examine the opportunities for Duqm to attract these industries, as well as the general demand for these products.
The forum will showcase significant investments made in the Duqm refinery and crude oil storage terminal, the largest oil storage and export project in the Middle East, as well as the opportunities it offers to petrochemical manufacturers looking to tap into the expanding markets associated with the switch to clean energy and modern technology.
Additionally, the emphasis will be on decarbonisation methods, the volume of petrochemical demand, facilities for converting crude oil into chemicals, chemical recycling, research and development, innovation, and cutting-edge technology in the industry.
MUSCAT, SEPT 23
The Duqm Special Economic Zone (SEZAD) will host the Duqm Economic Forum on October 16 and 17. The event has been organised by the Public Authority for Special Economic Zones and Free Zones (OPAZ), with the support of several government agencies and the participation of a number private sector companies.
Over the course of two days, the forum will address current advancements in the green industry sector as well as the most prominent initiatives that have attracted investment to SEZAD and the Sultanate of Oman as a whole. These topics will be discussed in light of the growing local and international trend towards green industries and renewable energy.
This is in line with the OPAZ's focus on green industries, encouragement of investment in this field in response to the directives of His Majesty Sultan Haitham bin Tarik, and in support of Oman’s 2050 Net Zero target.
Among the strategic investments that SEZAD attracted in the green industries sector are the Vale Green Iron Production Complex, the Jindal Shadeed Group's green iron production initiatives, and the reduced iron factory that Kobe Steel and two Japanese companies, Mitsui and Partners Limited, will construct. These activities are crucial from a strategic standpoint in order to achieve Oman's goals of reducing carbon emissions.
A number of discussion sessions covering the benefits of renewable energy in Duqm, supply and demand trends, consumer requirements, and chances for successful investment in green industries in SEZAD are part of the Duqm Economic Forum, which is organised in strategic partnership with Asyad Group, Oman's leading global integrated logistics provider, and Vulcan Green Steel Company, part of Jindal Shadeed Iron & Steel Group.
The forum will also focus on the green hydrogen industry, solar and wind energy, energy transition efficiency, energy storage, the need for green energy in international markets, and the anticipated function of public-private partnerships in the success of renewable energy projects.
Additionally, the forum will cover renewable downstream projects in Duqm, utilising Duqm's enormous natural renewable energy potential, supplying renewable energy, decarbonisation, satisfying industrial demand for green materials, IoT and smart manufacturing, and chances for exporting renewable energy.
The discussions will cover the prospects in the supply chain and the crucial role of Duqm Port as a green port in promoting investment in the green industries sector in light of the synergy between the various projects in SEZAD. One of the primary SEZAD enablers, Duqm Port serves as a multimodal global logistics centre and a key entry point to both local and international markets.
Along with the potential for large industrial companies that rely on infrastructure and the Port of Duqm for their operations, the potential for shipping, maritime, and transport companies in SEZAD will also be explored. In addition, the outstanding investment prospects in this important hub for global commerce and pioneer in the distribution of renewable energy will be discussed.
The forum will cover key innovations in the petrochemical sector and how they contribute to the production of numerous essential components of the renewable energy system, such as solar panels, wind turbines, batteries, thermal insulation, and electric vehicles. Various presentations will focus on interest in green industries. The debate will also examine the opportunities for Duqm to attract these industries, as well as the general demand for these products.
The forum will showcase significant investments made in the Duqm refinery and crude oil storage terminal, the largest oil storage and export project in the Middle East, as well as the opportunities it offers to petrochemical manufacturers looking to tap into the expanding markets associated with the switch to clean energy and modern technology.
Additionally, the emphasis will be on decarbonisation methods, the volume of petrochemical demand, facilities for converting crude oil into chemicals, chemical recycling, research and development, innovation, and cutting-edge technology in the industry.