In a groundbreaking move, India-based Ocior Energy has unveiled a visionary blueprint to channel up to $4 billion into the establishment of green hydrogen production facilities within the Suez Canal Economic Zone, according to a report by Asharq Business. The momentous announcement was confirmed by Yahya Al-Wathiq Bellah, the esteemed head of the Egyptian Commercial Representation at the Ministry of Trade.
Al-Wathiq Bellah revealed that the finalization of contracts for this transformative endeavor is slated for the upcoming months. The Ocior Energy venture is projected to unfold over an approximate span of six years, marking a significant stride towards the realization of sustainable green hydrogen production in the region.
