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, reports PTI.
The facility will produce 1 million tonnes of green hydrogen and ammonia per annum, becoming operational by 2030 in two phases.
The project is expected to generate around 10,400 direct and indirect job opportunities.
Ocior Energy is a leading company in the field of green hydrogen and green ammonia, with 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.
