MUSCAT: In a significant boost to Oman’s ambition to localise heavy industry around its emerging green hydrogen ecosystem, a leading international investor has secured full offtake coverage for its proposed green iron project at the Duqm Special Economic Zone. Singapore-headquartered Meranti Green Steel announced that it has concluded binding offtake agreements covering the entire output of Module 1 of its planned 2.5 million tonnes per annum (tpa) hydrogen-ready Hot Briquetted Iron (HBI) facility. Under a memorandum of understanding signed late last year, Meranti intends to source its future green hydrogen requirements from Amnah, a consortium awarded a concession to develop an integrated green hydrogen project in Duqm. The consortium—comprising Copenhagen Infrastructure Partners (CIP), Blue Power Partners, and Al Khadra (Hind Bahwan Group)—plans to produce 200,000 tonnes of green hydrogen annually, powered by approximately 4.5 GW of renewable energy capacity. With FID targeted for mid-2026, full commissioning of the Duqm HBI project is planned for mid-2029.