Vale has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week, marking a key step in its strategy to decarbonize operations and transition to renewable energy in Oman. The agreement sets a framework for powering Vale’s pelletizing plant at Sohar Port with renewable energy and supporting future energy needs of its upcoming Green Metallic Mega Hub in Duqm.
The partnership will focus on coordinated energy supply, land access, and long-term planning to integrate renewables into Vale’s operations.
Saleh Al Muslahi, CEO of Mega Hubs – MENA, said the agreement creates the conditions needed to scale decarbonization efforts in Sohar and unlock Duqm’s future potential. Najla Zuhair Al Jamali, CEO of OQAE, noted the collaboration aims to establish a model for sustainable industrial development in Oman.
Vale has committed to powering its Sohar plant with 100pct renewable electricity by 2030. The company sees energy transition as a growth driver and is investing in clean technologies and low-carbon steelmaking solutions through its planned industrial complex in Duqm.