logo
Oman a prime location for e-ammonia production: Yamna

Oman a prime location for e-ammonia production: Yamna

Zawya12-06-2025

MUSCAT: The Sultanate of Oman's potential to become a regional powerhouse in e-ammonia production has been reaffirmed by a top executive at Yamna, a clean energy investment firm collaborating with major international players to develop a gigawatt-scale green hydrogen project in Dhofar Governorate.
Abdelaziz Yatribi, CEO of UK-based Yamna, stated in a recent interview that Oman's natural, infrastructural, geostrategic, and regulatory advantages make it an ideal destination for e-ammonia investment.
'Oman offers exceptional solar and wind resources, resulting in one of the lowest levelised costs of electricity (LCOE) – a critical factor in green hydrogen and ammonia production. Additionally, the Omani government's proactive approach, particularly through Hydrogen Oman (Hydrom), provides a supportive framework for green hydrogen and its derivative projects,' Yatribi said in an interview featured in an in-house report of Eiffel Investment Group, a leading European third-party asset manager.
Last year, Yamna, along with consortium partners EDF Group and J-POWER, was awarded a 341 km² land block in Dhofar Governorate to develop, build, own, and operate a large-scale green ammonia project with an annual production capacity of 1 million tonnes. The project will integrate approximately 4.5 GW of renewable energy capacity and a 2.5 GW electrolyser, supplying hydrogen to an ammonia plant to be established in the Salalah Free Zone.
Yamna's strategy, according to Yatribi, centres on producing the world's most cost-competitive green molecules – hydrogen and ammonia – in locations where renewable resources are both abundant and economical.
'Ammonia serves as an efficient carrier for hydrogen, facilitating its transport to global markets. It is a well-established commodity with over a century of production and transportation history, which significantly reduces technology and infrastructure risks. By leveraging existing ammonia infrastructure, we can accelerate the global deployment of green hydrogen solutions, particularly in markets with decarbonisation imperatives and limited domestic access to competitively priced green molecules,' he explained.
Traditionally used in fertilizer production and industrial processes, the demand for e-ammonia is expected to grow substantially over the next 5 to 10 years, Yatribi noted. This growth will also be driven by its emerging role as a hydrogen carrier and low-carbon maritime fuel. In countries like Japan and South Korea, government-backed initiatives support the use of e-ammonia in power generation and industrial applications. Likewise, increasing interest in ammonia as a marine fuel is prompting the development of stringent safety protocols, supported by successful bunkering trials and forthcoming guidelines from the International Maritime Organisation (IMO), he added.
Yatribi also emphasised Yamna's commitment to delivering a global portfolio of export-oriented e-ammonia projects, currently planned in Brazil, India, Morocco, and Oman.
'We envision e-ammonia playing a central role in the global energy transition. Beyond replacing fossil-based ammonia in traditional uses, e-ammonia will serve as a key enabler for decarbonising hard-to-abate sectors, including power generation and maritime shipping,' he said, adding: 'With continued technological innovation and supportive policies, we believe e-ammonia will become a cornerstone of a sustainable, low-carbon future.'
Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OAB wraps up SME training roadshow in Nizwa
OAB wraps up SME training roadshow in Nizwa

Zawya

timean hour ago

  • Zawya

OAB wraps up SME training roadshow in Nizwa

Muscat: Oman Arab Bank (OAB) has successfully concluded the third leg of its SME Development Training Roadshow, held in Nizwa from 17 to 18 June, 2025. Organized in collaboration with SME Development Authority and Oman Chamber of Commerce and Industry in Nizwa, under the Bank's flagship Tumouhi initiative, the event drew wide participation from aspiring entrepreneurs and small business owners in Al Dakhiliyah, continuing a nationwide mission to support and empower Oman's growing SME sector. The event was held under the auspices of H.E Sheikh Dr. Faisal bin Ali bin Rashid Al Zidi (Wali of Manah). Following successful workshops in Muscat and Sohar earlier this year, the Nizwa event brought together a dynamic mix of sessions covering financial literacy, business strategy, marketing, and HR fundamentals. Designed to offer hands-on learning and real-world insights, the two-day workshop also served as a vibrant networking hub for local entrepreneurs and industry experts. H.E Sheikh Dr. Faisal Al Zidi expressed his enthusiasm towards this initiative in supporting the SME sector, praising the government's steadfast approach and the great attention it pays to this vital sector, given its pivotal role in supporting the growth of the economy and enhancing its diversity. He emphasized that supporting entrepreneurs and emerging business owners contributes to creating new job opportunities and enhancing local innovation. H.E Sheikh Dr Faisal Al Zidi stated, "This workshop is a true turning point for entrepreneurs. They would walk in with ideas, and leave with a plan, equipped with the confidence to take their businesses to the next level. The sessions were practical, relevant, and exactly what small business owners and entrepreneurs would need." Sulaiman Al Hinai, Chief Wholesale Banking Officer at Oman Arab Bank, commented on the roadshow's continued momentum, "At Oman Arab Bank, we view SMEs as key drivers of economic resilience and innovation. Through Tumouhi, we're not just delivering training — we're creating access, building networks, and empowering business owners in every corner of the Sultanate. The response in Nizwa has been incredibly encouraging, and we remain committed to reaching even more regions with the tools and support SMEs need to thrive." The Tumouhi Roadshow is part of OAB's long-term strategy to promote financial inclusion, empower local talent, and align with the goals of Oman Vision 2040. By providing practical tools and strategic guidance, OAB aims to equip SMEs with the foundations to grow, innovate, and contribute meaningfully to the national economy. The Bank has confirmed that future roadshows are in the pipeline, with a commitment to covering all regions across the Sultanate in the months ahead.

Sohar International and Sohar Islamic partner with SalamAir to offer ip to 40% off on domestic flights for cardholders
Sohar International and Sohar Islamic partner with SalamAir to offer ip to 40% off on domestic flights for cardholders

Zawya

time14 hours ago

  • Zawya

Sohar International and Sohar Islamic partner with SalamAir to offer ip to 40% off on domestic flights for cardholders

Muscat: In a move to drive cross-sector collaboration and enhance customer experience, Sohar International, together with its Islamic banking window Sohar Islamic, has partnered with SalamAir, Oman's low-cost airline, to offer exclusive discounts on domestic travel for their customers. As part of this strategic alliance, credit cardholders will benefit from a 40% discount, while debit cardholders will receive a 15% discount on the price of all SalamAir domestic flights. The offer, valid for travel between 01 July and 31 August 2025, is available exclusively to Sohar International and Sohar Islamic cardholders. Bookings must be made online via SalamAir's official website using the promo codes provided by Sohar International and Sohar Islamic for both their debit and credit card holders, subject to the offer's terms and conditions. The partnership was formally signed during a signing ceremony held on Tuesday, June 17th, at Sohar International's head office. The joint initiative reflects both entities' commitment to delivering integrated lifestyle benefits and enriching customer value, and to Oman's national development objectives by promoting domestic tourism and enhancing air travel accessibility. Commenting on the strategic importance of the partnership, Mr. Abdul Qadir Al Sumali, Chief Retail & Premier Banking Officer of Sohar International, stated: "Today, banking is no longer just transactional; it must be transformative. At Sohar International, our strategy is rooted in a clear and impactful philosophy—to enrich the lives of those we serve by building integrated ecosystems where finance intersects seamlessly with lifestyle. Our partnership with SalamAir, a leading national low-cost carrier that caters to the travel needs of a broad and diverse customer base, brings this vision to life—delivering everyday value through enhanced convenience, satisfaction, and integrated experiences. More than just a customer offer, this initiative contributes to stimulating domestic air travel, supporting local tourism, and reinforcing our role in advancing Oman's economic diversification agenda in line with Oman Vision 2040." Reiterating this sentiment, Steven Allen, Chief Commercial Officer of SalamAir, added: 'We are proud to collaborate with Sohar International on this meaningful initiative. SalamAir remains deeply committed to supporting the local economy, infrastructure, and financial ecosystem of Oman. This partnership not only reinforces our dedication to making travel more accessible and affordable for the people of Oman but also strengthens domestic tourism, particularly to destinations like Salalah, which play a vital role in the country's tourism sector. By extending this offer to all Sohar International and Sohar Islamic debit and credit cardholders, we aim to promote inclusive travel, encourage local exploration, and contribute to Oman's long-term development goals in line with Oman`s Vision 2040.' Through this strategic collaboration, Sohar International and SalamAir reinforce their commitment to building cross-sector partnerships that enhance customer value and expand the role of banking and aviation beyond traditional boundaries. By aligning financial solutions with evolving travel lifestyle needs, both parties continue to lead with a forward-looking approach that integrates relevance, innovation, and impact into its service offerings. About Sohar International Sohar International is Oman's fastest-growing bank, guided by a clear vision to become a world-leading Omani service company that helps customers, communities, and people prosper and grow. With a purpose to help people 'win' by delivering responsive banking for their ever-changing world, the bank offers innovative solutions across Commercial and Investment Banking, Wealth Management, Islamic Banking, and more. Operating with a strong digital-first approach and an expanding regional footprint—including presence in the Kingdom of Saudi Arabia—Sohar International is committed to driving value through strategic partnerships and a dynamic customer experience. Learn more at About SalamAir SalamAir currently operates a fleet of 13 Airbus A320/321 aircraft, with over 80 daily flights. In 2025, the airline will expand its fleet with two new aircraft scheduled for delivery in July 2025. SalamAir announced a 10-aircraft order in February 2025, aiming to grow its fleet to 25 aircraft by 2028 For more information, visit or .

Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation
Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation

Zawya

timea day ago

  • Zawya

Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation

Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount. The financing builds on engagement at the Mattei Plan-Global Gateway summit, attended by Italian Prime Minister Giorgia Meloni, European Commission President Ursula Von der Leyen, CDP, SACE and AFC, where the parties confirmed their intent to collaborate. The facility is structured to cultivate Italian supply chain opportunities in infrastructure and renewable energy generation, including the supply of components for the Lobito Railway Corridor - a commercial railway line that will run through Angola and extend to the borders of Zambia and the Democratic Republic of Congo. This long-term facility deepens AFC's strategic partnership with both CDP and SACE, while reinforcing its mandate to mobilise high-quality, long-tenor capital in support of delivering sustainable infrastructure across Africa. "Cassa Depositi e Prestiti confirms its role as a strategic partner in supporting infrastructure projects with a high social and economic impact in Africa. With this financing - said Dario Scannapieco, Chief Executive Officer of CDP - we are strengthening business and technological relations between Italy and Africa, enhancing talent and innovation. We are convinced that investing in strategic projects not only creates new opportunities for our companies but also helps to build lasting and shared ties capable of fostering growth and well-being for local communities." 'We are proud to contribute to the involvement of Italian companies in the transport and logistics sector to realise a significant strategic project like the Lobito Railway Corridor within the Mattei Plan,' said Alessandra Ricci, CEO of SACE. 'This collaboration reaffirms SACE's commitment to promoting new connections for Italian companies seeking to diversify their exports and embrace new growth opportunities.' ' Our partnership with CDP, further strengthened by SACE's guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa,' said Banji Fehintola, Executive Board Member and Head, Financial Services, AFC. ' The Lobito Corridor is a transformational project that will open new trade routes for resources, support regional industrialisation, accelerate job creation and strengthen Africa's position in global value chains, while delivering long-term, inclusive growth. ' Distributed by APO Group on behalf of Africa Finance Corporation (AFC). SACE Media gallery: Media Enquiries: Communications Africa Finance Corporation Email: communications@ SACE Press Office ufficiostampa@ CDP Media Relations Tel: +39 06 42213990 Website: Follow CDP on: LinkedIn: X: Facebook: Instagram: YouTube: About Lobito Corridor Rail Project: The railway line will be approximately 830 km long and will connect Chingola in Zambia to Luacano in Angola with the aim of facilitating the transportation of agricultural products, minerals and consumer goods. The greatest opportunities for the Italian supply chain in the region lie in sectors such as energy, renewables, transportation and logistics. About CDP: Cassa Depositi e Prestiti is the National Promotional Institute which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets. About SACE: SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specialising in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60,000 companies, supporting their growth in Italy and globally, with a portfolio of insured operations and guaranteed investments totalling EU 267 billion across approximately 200 foreign markets. About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in core infrastructure sectors. AFC has 45 member countries and has invested over US$15 billion since its inception.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store