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

By Nada Ali On Aug 9, 2023

green hydrogen production complex — Green hydrogen production complex (Photo credit: iStockaudioundwerbung)

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.