Karachi: Pakistan Oxygen Limited (POL) has announced a significant investment of approximately PKR 1.30 billion to construct a new Hydrogen production facility at Port Qasim. The development comes as part of a long-term strategy to meet the increasing demand for Hydrogen from its strategic partners. The facility is a response to a 15-year Hydrogen supply agreement with a leading specialty chemicals company.

The investment aligns with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations. It underscores POL's commitment to expanding its capabilities in the Hydrogen market, ensuring the delivery of reliable and efficient gas solutions. The new plant is designed to adhere to the highest standards of efficiency and reliability, bolstering POL's position in the industry.

According to information available from the Pakistan Stock Exchange (PSX), this move is expected to further solidify Pakistan Oxygen Limited's standing in the market. The facility aims to cater to the growing needs of POL's key customers and is a testament to the company's dedication to supporting industrial growth through advanced gas solutions.

The company has conveyed this material information to the TRE Certificate Holders of the Exchange, highlighting its strategic importance. This initiative not only reinforces POL's leadership in Hydrogen production but also contributes to its long-term industrial growth in the region.