Sembcorp Industries Signs MOUs to Explore Green Hydrogen Production in Odisha
Key Ideas
- Sembcorp Industries signed two non-binding MOUs with the Government of Odisha to explore setting up a green hydrogen production facility in the state.
- The production facility is anticipated to have a capacity of 720,000 tonnes per annum and is expected to generate over 2,000 employment opportunities during its operational phase.
- The MOUs align with the sustainability focus outlined by the Governments of Singapore and India, aiming to enhance bilateral collaboration and support India's transition to a low-carbon future.
- The agreements were signed in the presence of officials like Singapore's Minister for Transport and Second Minister for Finance and the Chief Minister of Odisha, highlighting the importance of the collaboration.
Sembcorp Industries, based in Singapore, has taken a significant step towards green hydrogen production by signing two non-binding MOUs with the Government of Odisha in India. The MOUs involve Sembcorp's subsidiaries, Sembcorp Green Hydrogen India Pvt Ltd and Sembcorp Development Ltd, to explore the establishment of a green hydrogen production facility in Odisha. This facility is expected to have a production capacity of 720,000 tonnes per annum and create over 2,000 job opportunities. Additionally, Sembcorp Development Ltd has signed another MOU to assess the potential for an industrial park in Odisha. These agreements reflect the collaborative efforts between Singapore and India to focus on sustainability and enhance bilateral relations. The exchange took place during the visit of Singapore President Tharman Shanmugaratnam, emphasizing the strategic importance of the partnership. With Odisha's abundant resources and supportive policies, this initiative is seen as a significant step towards India's shift to a low-carbon future.