Ocior Energy signs MoU with Gujarat govt to invest Rs 40,000 cr in green hydrogen, ammonia
- ByStartupStory | February 28, 2023
The government of Gujarat has signed a memorandum of understanding (MoU) with Ocior Energy India Pvt Ltd to produce green hydrogen and green ammonia.
The project will require an investment of Rs 40,000 crore and will be set up in Kutch district, said reports.
The project is expected to generate around 10,400 direct and indirect job opportunities which will give a boost to India’s employment and further better living standard to people.
Ocior Energy is a leading company in the field of green hydrogen and green ammonia. The company has gigantic plans to develop 4 GW capacity green hydrogen and green ammonia projects across the India, Middle East and North Africa region.
Ocior Energy is a leading company focused on the production of green hydrogen and green ammonia. The company was started in Abu Dhabi Global Market, United Arab Emirates and aims to develop 4 GW capacity green hydrogen and green ammonia projects across the India, Middle East and North Africa (MENA) region.
The recent deal matches with India’s goal towards ‘green growth’. India is focussing towards increasing production of renewable energy, reducing the use of fossil fuel and moving towards a gas based economy.
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