A multinational consortium led by South Korea’s POSCO Holdings has successfully obtained exclusive rights to develop and produce green hydrogen in the Duqm region of Oman for 47 years. This venture marks the most extensive overseas green hydrogen project initiated by a Korean company. Alongside POSCO Holdings, the consortium comprises Samsung Engineering, Korea Southern Power, Korea East-West Power, Engie from France, and PTTEP from Thailand.

The consortium’s plan includes the construction of a 5-gigawatt renewable energy complex on a secured site of approximately 131 square miles (340 square kilometers) — roughly half the total area of Seoul. The complex is