Debt raising process started for $2.5bn Oman green hydrogen project
The debt raising process has started for a planned $2.5bn project to produce green hydrogen and ammonia in Oman
The debt raising process has started for a planned $2.5bn project to produce green hydrogen and ammonia in Oman.
According to sources close to the scheme, a target of reaching financial close for the debt raising process has been set for the end of 2021. The project is being developed by India’s Acme Solar Holdings.
Energy & Utilities reported in April that Acme Solar Holdings had appointed Synergy Consulting as the financial and transaction adviser for the planned $2.5bn project.
The ammonia and hydrogen facility is due to be developed in the Duqm industrial zone, with the aim of supplying green ammonia to Europe, America and Asia.
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