Ocior Energy, Gujarat Government to invest Rs40,000 crore in green hydrogen, ammonia

28 Feb 2023 , 11:39 AM

The Gujarat government signed a memorandum of understanding (MoU) with Ocior Energy India Pvt Ltd on Monday for the production of green hydrogen and green ammonia with a Rs40,000 crore investment.

According to the MoU, signed in the presence of Gujarat Chief Minister Bhupendra Patel, Ocior Energy will invest Rs40,000 crore in Gujarat’s Kutch district to establish a facility capable of producing 1 million tonnes of green hydrogen and ammonia per year.

It also stated that the renewable energy project will be operational in two phases by 2030, creating nearly 10,400 direct and indirect job opportunities.

Ocior is a pioneer in the field of green hydrogen and green ammonia, founded in the Abu Dhabi Global Market in the United Arab Emirates.

According to the release, the company intends to develop 4 GW capacity green hydrogen and green ammonia projects across India, the Middle East, and North Africa (MENA).

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