Sembcorp Signs MoUs for Green Hydrogen Facility and Industrial Park in Odisha
Key Ideas
  • Sembcorp Industries signs two non-binding MoUs with the Odisha government to establish a green hydrogen production facility and an industrial park in the state.
  • The green hydrogen production facility, with an anticipated capacity of 720,000 metric tonnes per annum, is expected to create over 2,000 job opportunities during its operational phase.
  • The agreements were formalized in the presence of dignitaries including Singapore's Minister for Transport and Second Minister for Finance and Odisha's Chief Minister, as part of the bilateral cooperation framework between Singapore and India.
  • Sembcorp's focus on sustainability and commitment to India's low-carbon future is highlighted through these initiatives in Odisha, leveraging the state's resources and investor-friendly policies.
Sembcorp Industries, a Singapore-based energy and urban development company, has signed two non-binding Memorandums of Understanding (MoUs) with the Odisha government in India. The first MoU involves Sembcorp's subsidiary, Sembcorp Green Hydrogen India Private Limited (SGHIPL), partnering with Industrial Promotion and Investment Corporation Limited (Ipicol) to establish a green hydrogen production facility in Odisha. This facility aims to have a production capacity of 720,000 metric tonnes per annum and is set to create over 2,000 job opportunities. The second MoU is between Sembcorp's subsidiary, Sembcorp Development Ltd, and the Odisha Industrial Infrastructure Development Corporation (IDCO) to explore the development of an industrial park in the state. The signing ceremony took place in Bhubaneswar, Odisha, with the presence of dignitaries such as Singapore's Minister for Transport, Odisha's Chief Minister, and other officials. These agreements are part of the bilateral cooperation framework between Singapore and India, focusing on areas like sustainability. Sembcorp's interest in Odisha stems from its strategic importance for India's transition to a low-carbon future, given the state's abundant resources and favorable policies for investors. The company's commitment to deepening its presence in India through partnerships like Enterprise Singapore underscores its dedication to renewable energy initiatives and sustainable urban development.
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