MUSCAT, OCT 8
Hydrogen Oman (Hydrom) — the master planner of Oman’s green hydrogen industry — is partnering with the H2Global Foundation, a Europe-based nonprofit organisation, to leverage its innovative market-based solutions and accelerate the development of green hydrogen projects in the Sultanate of Oman.
To this end, a Memorandum of Understanding (MoU) was signed between the two sides on the sidelines of European Hydrogen Week, which concluded last week in the Belgian capital, Brussels.
Signing the MoU were Abdulaziz al Shidhani, Managing Director of Hydrom and Markus Exenberger, Executive Director of the H2Global Foundation. The signing ceremony was witnessed by Eng Salim bin Nasser al Aufi, Oman’s Minister of Energy and Minerals, along with members of the Omani delegation attending Hydrogen Week.
Germany-based H2Global is well known for its innovative intermediary mechanism that helps bridge gaps in early-stage clean hydrogen markets by providing demand certainty, enabling production investments globally and coordinating stakeholders to ensure supply and demand scale sustainably.
The nonprofit is dedicated to advancing the global development of clean hydrogen and other low- and zero-emission fuel markets through its acclaimed mechanism.
Implemented via its wholly owned subsidiary Hintco, H2Global operates a market-based double-auction model: on the supply side, it offers long-term purchase agreements to producers of clean hydrogen or its derivatives (such as ammonia and methanol), while on the demand side, it matches these with buyers under short-term contracts. The difference between the higher production cost and the price buyers are willing to pay is subsidised through grants, primarily from the German government.
Through this partnership, Hydrom and H2Global will jointly assess how the H2Global mechanism can support Oman in developing competitive projects, stimulating international trade in clean fuels and positioning the Sultanate of Oman as a global hub for clean hydrogen.
Commenting on the MoU, Abdulaziz al Shidhani said: “Oman’s approach to hydrogen is built on clear structures, a long-term vision and credible delivery. Exploring models like H2Global allows us to test and refine our own systems, ensuring that as global mechanisms evolve, they remain interoperable with what we are building”.
Markus Exenberger, Executive Director of the H2Global Foundation, added: “This MoU represents a milestone in our joint efforts to unlock the potential of clean hydrogen. Oman can combine its ambitious hydrogen road map with H2Global’s proven market model to create price signals and secure offtake”.
H2Global also undertakes research and capacity-building activities, particularly in partner countries, to support supply chain development and regulatory frameworks. The nonprofit collaborates with governments, private sector stakeholders and international institutions to advance funding, policy alignment, knowledge sharing and the establishment of sustainability standards.
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