India’s Ocior Energy plans to invest $4 bln for Egypt hydrogen production

India-based Ocior Energy has unveiled ambitious plans to invest up to $4 billion into green hydrogen production in Suez Canal Economic Zone, reported Asharq Business, quoting Yahya Al-Wathiq Bellah, head of the Egyptian Commercial Representation at Ministry of Trade.

Al-Wathiq Bellah added that the final contracts for the initiative are anticipated to be signed within the coming months.

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