Deals Counterparts

Samsung C&T to build $2.5 billion green hydrogen plant in Oman

Construction Contract Green Hydrogen announced Oman May 3, 2025
USD2500M
Deal Value
low volume production
Stage
BMW iX5 hydrogen fuel cell SUV
Project

Samsung C&T will build a $2.5 billion green hydrogen plant in Oman as part of a project developed by POSCO Holdings and ENGIE.

Source Intelligence

KEY DETAILS

The BMW iX5 hydrogen vehicle is part of the company’s goal to support combatting climate change. BMW plans to be carbon neutral by 2050. The tanks have a total capacity of approximately 16 pounds and supply a fuel cell stack located under the hood, which is paired with an electric motor and battery in the rear of the vehicle. According to BMW , the entire fuel cell electric system of the iX5 is combined 374 horsepower. It also claims that the iX5 can accelerate from zero to 62 mph in less than seven seconds and reach top speeds of 118 mph. The vehicle’s estimated driving range is around 310 miles.

Location
The BMW iX5 hydrogen fuel cell SUV , which is currently being assembled at the company’s Research and Innovation Center in Munich
PARTIES MENTIONED IN SOURCE
B
BMW automaker

"BMW, like many automakers, is committed to combatting global climate change."

low quality Enriched Feb 19, 2026

Timeline

Announced
May 3, 2025
Signed
Closed

Market Context

This deal is part of the Green Hydrogen sector in Oman.
12
Green Hydrogen deals
16
deals in Oman
1 of 12 Green Hydrogen deals tracked this month · Updated daily

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