Sembcorp Industries Explores Green Hydrogen Production in Odisha
Key Ideas
- Sembcorp Industries signed two MoUs with the Government of Odisha to explore setting up a green hydrogen production facility with an anticipated capacity of 720,000 tonnes per annum.
- The project in Odisha aims to generate over 2,000 employment opportunities during its operational phase, contributing to the state's economic growth.
- The MoUs align with the bilateral collaboration framework between Singapore and India, focusing on sustainability and showcasing Odisha's role in India's shift towards a low-carbon future.
- Sembcorp's commitment to investing in India is reinforced by exploring opportunities to deepen its presence in the country, leveraging partnerships like Enterprise Singapore.
Sembcorp Industries, in a significant move, has inked two non-binding MoUs with the Government of Odisha to explore the establishment of a green hydrogen production facility in the state. The MoUs were signed by Sembcorp's subsidiaries, Sembcorp Green Hydrogen India Pvt Ltd (SGHIPL) and Sembcorp Development Ltd, in the presence of esteemed dignitaries from Singapore and Odisha. The collaboration aims to develop a production facility for green hydrogen and its derivatives, with a substantial projected capacity. This initiative is expected to create over 2,000 job opportunities during its operational phase, thereby contributing to employment generation in Odisha.
Additionally, Sembcorp Development Ltd signed a separate MoU with Odisha Industrial Infrastructure Development Corporation to explore the potential for establishing an industrial park in the region. These agreements underscore the commitment to bolstering bilateral collaboration between Singapore and India, with a specific emphasis on sustainability. Odisha's role as a crucial player in India's transition to a low-carbon future is highlighted due to its abundant resources and favorable investment environment. Sembcorp's proactive stance in investing in India is evident through its continuous exploration of opportunities to expand its footprint in the country, facilitated by partnerships like Enterprise Singapore. The partnership between Sembcorp Industries and the Government of Odisha signifies a positive step towards promoting green energy initiatives, fostering economic growth, and strengthening international ties.
Topics
Green Hydrogen
Sustainability
Investment
Green Energy
MoU
Employment Opportunities
Sembcorp Industries
Odisha
Bilateral Collaboration
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