Latest news with #OQTrading
Zawya
3 days ago
- Business
- Zawya
Oman: Pact inked to develop biogas project from organic waste
Muscat – Oman Environmental Services Holding Company (be'ah) and OQ Trading have signed a cooperation agreement to jointly develop a national project focused on the production of biogas (biomethane) and bio-carbon dioxide from organic waste at landfills and future biofacilities managed by be'ah. The strategic partnership aims to transform environmental challenges into promising economic opportunities by harnessing approximately 20 million cubic metres of biogas extracted from be'ah-managed sites. The biogas is expected to comprise about 40% biomethane – a renewable fuel – and 60% bio-CO₂, both of which can be used in various sustainable industrial applications. Under the agreement, the two entities will work on a roadmap that includes technical and economic feasibility studies, infrastructure assessments, and identification of commercial marketing opportunities for the project's outputs. The initiative is expected to create local investment opportunities in line with the goals of Oman Vision 2040. Both companies affirmed that the collaboration represents an integrated model of national cooperation between the energy and environmental sectors. It brings together be'ah's expertise in waste and resource management with OQ Trading's global energy capabilities, strengthening Oman's position as a regional clean energy hub. Engineer Tariq Ali Al Amri, CEO of be'ah, described the project as a new milestone in energy recovery from organic waste through sustainable technologies. 'This initiative demonstrates how environmental challenges can be turned into developmental and economic opportunities. The production of biogas and bio-CO₂ will contribute to reducing emissions, improving waste management efficiency, and providing alternative energy sources,' he said. Said Talib Al Maawali, Executive Director for the Middle East at OQ Trading, called the project an attractive opportunity to diversify Oman's energy mix in support of the sultanate's carbon neutrality goals by 2050. 'This is a strategic nucleus for future waste-to-energy projects and will enhance clean energy value chains across the country,' he added. The project reflects Oman's broader commitment to sustainable development and low-carbon energy solutions in line with global trends and national objectives. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
4 days ago
- Business
- Muscat Daily
Pact inked to develop biogas project from organic waste
Muscat – Oman Environmental Services Holding Company (be'ah) and OQ Trading have signed a cooperation agreement to jointly develop a national project focused on the production of biogas (biomethane) and bio-carbon dioxide from organic waste at landfills and future biofacilities managed by be'ah. The strategic partnership aims to transform environmental challenges into promising economic opportunities by harnessing approximately 20 million cubic metres of biogas extracted from be'ah-managed sites. The biogas is expected to comprise about 40% biomethane – a renewable fuel – and 60% bio-CO₂, both of which can be used in various sustainable industrial applications. Under the agreement, the two entities will work on a roadmap that includes technical and economic feasibility studies, infrastructure assessments, and identification of commercial marketing opportunities for the project's outputs. The initiative is expected to create local investment opportunities in line with the goals of Oman Vision 2040. Both companies affirmed that the collaboration represents an integrated model of national cooperation between the energy and environmental sectors. It brings together be'ah's expertise in waste and resource management with OQ Trading's global energy capabilities, strengthening Oman's position as a regional clean energy hub. Engineer Tariq Ali Al Amri, CEO of be'ah, described the project as a new milestone in energy recovery from organic waste through sustainable technologies. 'This initiative demonstrates how environmental challenges can be turned into developmental and economic opportunities. The production of biogas and bio-CO₂ will contribute to reducing emissions, improving waste management efficiency, and providing alternative energy sources,' he said. Said Talib Al Maawali, Executive Director for the Middle East at OQ Trading, called the project an attractive opportunity to diversify Oman's energy mix in support of the sultanate's carbon neutrality goals by 2050. 'This is a strategic nucleus for future waste-to-energy projects and will enhance clean energy value chains across the country,' he added. The project reflects Oman's broader commitment to sustainable development and low-carbon energy solutions in line with global trends and national objectives.
Times of Oman
5 days ago
- Business
- Times of Oman
Project for biogas and bio-CO2 production launched in Oman
Muscat: Oman Environmental Services Holding Company "be'ah" and OQ Trading have signed a cooperation agreement to develop a national project focused on producing biogas (biomethane) and bio-carbon dioxide through processing organic waste at landfills and future biofacilities managed by be'ah. This collaboration aims to transform environmental challenges into promising economic opportunities by utilizing approximately 20 million cubic metres of biogas extracted from these sites – comprising roughly 40% biomethane (renewable fuel) and 60% bio-CO₂ for sustainable industrial applications. The agreement establishes a roadmap for technical-economic feasibility studies, infrastructure assessment, and commercial marketing opportunities for project outputs, creating promising local investment opportunities aligned with Oman Vision 2040 goals. Both companies emphasised that this partnership represents an integrated model of national collaboration between energy and environmental sectors, combining be'ah's waste/resource management expertise with OQ Trading's global energy capabilities to reinforce Oman's position as a regional clean energy hub. Engineer Tariq Ali Al Amri, CEO of be'ah, stated that the project marks a new milestone in energy recovery from organic waste through sustainable methods, converting environmental challenges into developmental and economic opportunities. He noted biogas and bio-CO₂ production will reduce emissions, support Oman's net-zero goals, enhance waste management efficiency, and provide alternative energy sources. Said Talib Al Maawali, OQ Trading's Middle East Executive Director, described the project as an attractive opportunity to diversify Oman's energy mix in line with 2050 carbon neutrality targets and global trends toward sustainable, low-carbon energy solutions. He considered this initiative a strategic nucleus that will stimulate further waste-to-energy investments and enhance clean energy value chains.
Zawya
05-05-2025
- Business
- Zawya
Oman expands LNG portfolio with 15-year supply pact from Mexico
MUSCAT: OQ Trading (OQT), part of Oman's integrated energy group OQ, has signed a 15-year agreement to purchase liquefied natural gas (LNG) from Mexico's Amigo LNG, a subsidiary of Singapore-based LNG Alliance. The deal marks a significant step in OQT's strategy to diversify its LNG supply sources beyond traditional markets in the Middle East and Asia. Under the agreement, OQT will procure 0.6 million tonnes per year (tpy) of LNG on a free-on-board (FOB) basis from Amigo LNG's upcoming export terminal in Guaymas, Sonora, on Mexico's Pacific coast. Shipments are expected to begin in the second quarter of 2028. In a statement, the agreement gives Oman access to a logistically efficient and geopolitically neutral supply route, particularly advantageous for serving growing demand in Asian markets. The location of the Guaymas terminal offers a direct maritime link to Asia, reducing shipping times compared to traditional supply routes. 'This agreement with Amigo LNG is a key milestone in our efforts to build a more diversified and resilient global LNG portfolio,' said Wail al Jamali, CEO of OQ Trading. 'It enhances our ability to deliver flexible, cleaner energy solutions to customers in Asia and beyond.' The Guaymas facility, with a planned nameplate capacity of 7.8 million tpy, is being developed as part of Mexico's national energy strategy—Plan Sonora—and is supported by both the federal government and the Government of Sonora. The project is also aligned with the Mexican Navy's plans to modernize the Port of Guaymas, positioning the terminal as a strategic gateway for LNG exports. Muthu Chezhian, CEO of LNG Alliance, welcomed the deal as a significant boost to Amigo LNG's commercialisation efforts. 'This long-term partnership with a globally trusted player like OQ Trading confirms Mexico's growing role in the global clean energy transition,' he said. The agreement reflects increasing collaboration between the Gulf and Latin America in the energy sector, with both sides seeking to strengthen long-term energy security through strategic partnerships. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
03-05-2025
- Business
- Observer
Oman expands LNG portfolio with 15-year supply pact from Mexico
MUSCAT: OQ Trading (OQT), part of Oman's integrated energy group OQ, has signed a 15-year agreement to purchase liquefied natural gas (LNG) from Mexico's Amigo LNG, a subsidiary of Singapore-based LNG Alliance. The deal marks a significant step in OQT's strategy to diversify its LNG supply sources beyond traditional markets in the Middle East and Asia. Under the agreement, OQT will procure 0.6 million tonnes per year (tpy) of LNG on a free-on-board (FOB) basis from Amigo LNG's upcoming export terminal in Guaymas, Sonora, on Mexico's Pacific coast. Shipments are expected to begin in the second quarter of 2028. In a statement, the agreement gives Oman access to a logistically efficient and geopolitically neutral supply route, particularly advantageous for serving growing demand in Asian markets. The location of the Guaymas terminal offers a direct maritime link to Asia, reducing shipping times compared to traditional supply routes. 'This agreement with Amigo LNG is a key milestone in our efforts to build a more diversified and resilient global LNG portfolio,' said Wail al Jamali, CEO of OQ Trading. 'It enhances our ability to deliver flexible, cleaner energy solutions to customers in Asia and beyond.' The Guaymas facility, with a planned nameplate capacity of 7.8 million tpy, is being developed as part of Mexico's national energy strategy—Plan Sonora—and is supported by both the federal government and the Government of Sonora. The project is also aligned with the Mexican Navy's plans to modernize the Port of Guaymas, positioning the terminal as a strategic gateway for LNG exports. Muthu Chezhian, CEO of LNG Alliance, welcomed the deal as a significant boost to Amigo LNG's commercialisation efforts. 'This long-term partnership with a globally trusted player like OQ Trading confirms Mexico's growing role in the global clean energy transition,' he said. The agreement reflects increasing collaboration between the Gulf and Latin America in the energy sector, with both sides seeking to strengthen long-term energy security through strategic partnerships.
