Sembcorp Industries Plans Green Hydrogen Facility in Odisha, India
Key Ideas
- Sembcorp Industries signed MOUs with the Government of Odisha to explore setting up a green hydrogen production facility with a capacity of 720,000 tonnes per annum.
- The facility is expected to create over 2,000 employment opportunities during its operational phase, contributing to economic growth in the region.
- The MOUs aim to enhance bilateral collaboration between Singapore and India, focusing on key pillars including sustainability and positioning Odisha as pivotal to India's low-carbon future.
- The initiative aligns with the governments' efforts to promote investor-friendly policies and deepen Sembcorp's presence in India, supported by partners like Enterprise Singapore.
Sembcorp Industries, through its subsidiaries, has announced plans to establish a green hydrogen production facility in Odisha, India, with a projected capacity of 720,000 tonnes per annum. The signing of non-binding MOUs with the Government of Odisha marks a significant step in exploring the development of this facility, expected to generate more than 2,000 employment opportunities. In the presence of dignitaries including Singapore's Minister for Transport and Odisha Chief Minister, the agreements were finalized to strategically locate the facility in Odisha. Additionally, Sembcorp Development Ltd has signed another MOU to assess the potential for an industrial park in the region. These partnerships aim to bolster bilateral collaboration between Singapore and India, focusing on sustainability among other key pillars. The move highlights Odisha's significance in India's transition to a low-carbon future, leveraging its abundant resources and favorable policies for investors. The initiative is part of Sembcorp's efforts to expand its presence in India, with the backing of entities like Enterprise Singapore, as part of broader efforts to strengthen economic ties between the two countries.
Topics
India
Sustainability
Investment Opportunities
Industry Collaboration
Employment Opportunities
Bilateral Relations
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