Marking a major milestone for Pakistan’s hydrogen economy, the plant, set to be located in Jhimpir, Gharo or Keti Bandar, hopes to provide a competitive fuel source for multiple sectors, including steel and fertiliser production, cars, long-range shipping, aviation and more.
Supporting the proposed plans, the Government of Pakistan is already revieing proposals from international investors and has set up a dedicated team to review options and strategy. PowerChina is expected to receive further bilateral support from the Chinese Government.
PowerChina has said it will conduct a technical pre-feasibility study in Pakistan for the plant. Once the study is complete, Oracle will take the lead in developing partnership and arranging project funding.
Both companies will sign contract for the development at competitive rates.
On the plans, Naheed Memon, CEO of Oracle, said, “Green hydrogen is potentially the single most important tool the international community has in our collective bid to transition to a carbon neutral future.
“I am delighted to announce our agreement with PowerChina as we explore options of jointly developing a green hydrogen facility in Pakistan, which would represent the first production facility of its kind in the country and could support multiple industries including steel and fertiliser production, power generation, shipping and the aviation industry.
“Green hydrogen is already high on the agenda for many countries, including India and many of the Gulf nations, however this agreement would make Oracle a first mover in Pakistan, a jurisdiction which has abundant renewable resource and land available.
“I am delighted that we have entered into an agreement with PowerChina, given PowerChina’s position and experience in the field of energy and power development and contracting. We jointly plan to set up a 400MW capacity hydrogen plant to produce approximately 150,000 kg of green hydrogen per day.”
Due to Pakistan’s abundant renewable resources, the country is posed as an ideal location for the renewable hydrogen facility, and further pushes the country one step closer to establishing a hydrogen economy.
Further to that, the supply of hydrogen to potential buyers appears to be very feasible from Pakistan as it has three world class ports. Further to that, customised transport and infrastructure facilities can be developed in corporation with the government if required.
US DOE, General Motors, Microsoft and Plug Power
What does the US Department of Energy (DOE), General Motors, Microsoft and Plug Power have in common? They’re all speaking at H2 View’s North American Virtual Hydrogen Event in October. Will you be joining us on October 19?
North America is in a prime position to lead efforts in decarbonisation, but it still has great distances to travel. The region has been giving chase in a race to green hydrogen dominated by Europe and Asia-Pacific. If policymakers and industry can work together and take the right steps to realise a hydrogen vision, the region is perfectly placed to expand its global energy leadership at scale and speed.
What lessons can be learned from Europe’s policymakers? What are the challenges to be overcome? What are the strengths and opportunities? How can North America go from giving chase to taking a lead in hydrogen? These are all questions our virtual event will address across H2 View’s four pillars of Mobility, Power, Policy and Technology.
Further information on the event, agenda and confirmed speakers can be found here.
To book your virtual delegate pass, click here.