Sembcorp Signs MoUs for Green Hydrogen Facility and Industrial Park in Odisha
Key Ideas
- Sembcorp, a Singapore-based company, has signed MoUs with the Government of Odisha to explore the development of a 720,000 metric tonnes per annum green hydrogen production facility and an industrial park in the state.
- The green hydrogen facility is expected to generate over 2,000 employment opportunities during its operational phase.
- The signing of these MoUs aims to enhance bilateral collaboration between Singapore and India with a focus on sustainability, aligning with the countries' shared goals.
- The agreements are not expected to have a significant financial impact on Sembcorp for the financial year ending December 31, 2025.
Sembcorp, an energy and urban solutions provider based in Singapore, has announced the signing of two non-binding Memoranda of Understanding (MoUs) with the Government of Odisha, India. These MoUs, facilitated by Sembcorp Green Hydrogen India (SGHI) and Sembcorp Development, aim to explore the development of a 720,000 metric tonnes per annum green hydrogen production facility and an industrial park in Odisha. The green hydrogen facility, under the MoU with Industrial Promotion & Investment Corporation of Odisha, is expected to create over 2,000 job opportunities once operational. The agreements were signed in the presence of dignitaries including Singapore's Minister for Transport and Second Minister for Finance and the Chief Minister of Odisha. These collaborations align with the sustainability focus outlined by the Singapore-India partnership, emphasizing bilateral cooperation on key pillars. While the MoUs are positive steps towards green energy development and job creation, Sembcorp anticipates no significant financial impact for the current fiscal year.