Sembcorp to set up green hydrogen plant, industrial park in Odisha, India

The company signed MOUs with the government of Odisha.

Sembcorp, through its subsidiaries, Sembcorp Green Hydrogen India Private Limited (SGHIPL) and Sembcorp Development, signed two non-binding memoranda of understanding (MOUs) with the government of Odisha in India.

One of the agreements, signed by SGHIPL and the Industrial Promotion & Investment Corporation of Odisha, will explore the development of a production facility for green hydrogen and its derivatives in Odisha.

The proposed development will have an anticipated production capacity of 720,000 metric tonnes per annum and is expected to generate over 2,000 employment opportunities during its operational phase.

The other MOU, signed by Sembcorp Development and Odisha Industrial Infrastructure Development Corporation, will assess the potential development of an industrial park in the state.

The signing of the MOUs is not expected to have a material impact on the earnings per share and net tangible assets per share of Sembcorp for FY2025.