Japanese investment for Egypt, Oman green hydrogen projects? Tokyo-headquartered engineering firm IHI could invest in proposed green hydrogen and ammonia projects in Egypt and Oman under an agreement signed with Indian renewables company Acme Group. The MoU will see the two companies conduct feasibility studies into Acme’s planned projects in Egypt, Oman, India and the USA, potentially leading to the Japanese firm participating as either an investor or an offtaker, according to the statement.

Acme has signed initial agreements to establish plants in Egypt and Oman: The Indian clean energy firm signed an MoU to explore establishing a green hydrogen facility with a 2.2 mn ton production capacity in Egypt last August. Earlier in 2022, Acme and Norway’s Scatec formed a joint venture to develop a plant in Oman that would produce up to 1.2 mn tons of ammonia powered by 3.5 GW of renewable energy in Oman.