The Gujarat government signed a memorandum of understanding (MoU) with Ocior Energy India Pvt Ltd for the production of green hydrogen and green ammonia with an investment of Rs 40,000
crore. In the agreement, which was inked in front of Gujarat Chief Minister Bhupendra Patel, Ocior Energy will spend Rs 40,000 crore to build a facility in Gujarat's Kutch district that will create 1 million tonnes of green hydrogen and ammonia annually.
It added that the renewable energy project will become operational by 2030 in two phases and it is expected to generate nearly 10,400 direct as well as indirect employment opportunities. Ocior is a leading company in the field of green hydrogen and green ammonia started in Abu Dhabi Global Market, United Arab Emirates. The company aims to develop 4 GW capacity green hydrogen and green ammonia projects across the India, Middle East and North Africa (MENA) region, the release said.
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