Pakistan Oxygen to invest Rs1.3bn in hydrogen facility at Port Qasim

MG News | April 21, 2025 at 03:46 PM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,112.70 115.09M	0.64% 1015.93
ALLSHR	97,381.21 432.88M	0.73% 709.91
KSE30	48,397.55 59.71M	0.52% 248.81
KMI30	229,070.02 35.21M	0.79% 1792.75
KMIALLSHR	63,462.78 132.20M	0.96% 602.88
BKTi	44,663.32 25.69M	0.76% 336.21
OGTi	30,736.69 3.25M	0.66% 200.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	102,160.00	102,825.00 101,015.00	950.00 0.94%
BRENT CRUDE	64.05	64.12 63.53	0.67 1.06%
RICHARDS BAY COAL MONTHLY	87.25	87.25 87.25	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.10	97.10 96.50	-0.10 -0.10%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.08	60.10 59.60	0.65 1.09%
SUGAR #11 WORLD	14.22	14.44 14.04	0.11 0.78%