Pakistan Oxygen to invest Rs1.3bn in hydrogen facility at Port Qasim
MG News | April 21, 2025 at 03:46 PM GMT+05:00
April 21, 2025 (MLN): Pakistan Oxygen Limited (PSX: PAKOXY) is planning to invest around Rs1.3 billion to set up a hydrogen production facility at Port Qasim, as the company looks to expand its footprint in the industrial gases segment and meet growing demand from strategic customers.
The new plant will supply hydrogen under a 15-year agreement signed with a leading speciality chemicals manufacturer, the company said in notification issued to the local bourse.
The project marks a significant step in strengthening POL’s position in the hydrogen market and aligns with its broader strategy of delivering reliable, high-efficiency gas solutions to industrial clients.
The facility is expected to meet high operational standards and bolster the company’s capacity amid rising interest in hydrogen as a clean energy source and industrial input.
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