Singapore's Sembcorp to build green hydrogen plant in India's Odisha state

Sembcorp Industries

17/01/2025 13:42

Jan 17 (Reuters) - Sembcorp Industries  SCIL.SI  has
signed a deal with the eastern Indian state of Odisha to develop
a green hydrogen plant and industrial park, the company backed
by Singapore state-owned investor Temasek said on Friday.
    Singapore-based energy and urban development company
Sembcorp through its subsidiary Sembcorp Green Hydrogen India
will build a facility in Odisha with a 720,000 metric tonne
capacity, it said in a statement.
    The project is expected to create over 2,000 jobs, the
company said.
    The company also said its unit Sembcorp Development will
assess the potential for the development of an industrial park
in Odisha.
    The deal comes as India boosts investments in renewable
energy to meet its 2030 clean energy target after missing its
2022 goal.
    As the world's third-largest greenhouse gas emitter, India
is aiming for net-zero emissions by 2070 and a 500 gigawatts
renewable energy target by 2030.
    Major power producers in the country are also significantly
investing in renewables to support the government's efforts to
expand clean energy and cut emissions.
    

 (Reporting by Yagnoseni Das, Sethuraman NR in Bengaluru;
Editing by Eileen Soreng)
 ((Yagnoseni.Das@thomsonreuters.com;))