Asyad Group, OQ Alternative Energy, and Sumitomo Corporation ME Chart Ambitious Course to Establish Oman as a Global Low-Carbon Fuel Bunkering Hub [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
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Source: Yahoo! Finance
MUSCAT, Oman Sept. 24, 2024 /CNW/ -- Asyad Group, in collaboration with OQ Alternative Energy and Sumitomo Corporation Middle East FZE, announced a joint study agreement to explore the potential of establishing Oman as a global leader in low-carbon fuels for bunkering. This visionary initiative represents a pioneering step in promoting sustainable shipping practices to meet global decarbonization goals in the maritime industry and leveraging Oman's renewable resources on a global scale. The group has issued a Request For Information (RFI) to the world's leading shipping companies to drive the adoption of global green logistic solutions in Oman . Additionally, a feasibility study will be conducted to assess key factors including the levelized costs of delivered low-carbon fuels, the infrastructure required to support such operations, and the alignment with global regulatory standards for sustainable fuels. Early findings suggest that Oman's unique geographical advantage and superi
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