Pakistan Oxygen Limited (PSX: PAKOXY) has announced an investment of approximately Rs1.3 billion to establish a hydrogen production facility at Port Qasim. The company aims to address the increasing demand for hydrogen in the industrial gases sector. This development was disclosed in a notice to the Pakistan Stock Exchange (PSX), highlighting that hydrogen produced at the new facility will be supplied under a 15-year agreement with a leading specialty chemicals manufacturer. The investment signifies a strategic move by PAKOXY to enhance its presence in the hydrogen market and align with its long-term goal of offering reliable gas solutions to industrial clients. The upcoming plant is expected to uphold high operational standards to meet the growing interest in hydrogen both globally and domestically, where it is viewed as a clean energy alternative and a crucial industrial input.