{"id":322722,"date":"2023-03-30T00:27:42","date_gmt":"2023-03-29T19:27:42","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=322722"},"modified":"2023-03-30T00:27:42","modified_gmt":"2023-03-29T19:27:42","slug":"energy-giants-sign-mou-to-pursue-green-hydrogen-projects-in-pakistan-and-beyond","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/energy-giants-sign-mou-to-pursue-green-hydrogen-projects-in-pakistan-and-beyond\/","title":{"rendered":"Energy giants sign MoU to pursue green hydrogen projects in Pakistan and beyond"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nLeading exploration and production (E&#038;P) companies Oil &#038; Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private Limited (GHPL) have signed a Memorandum of Understanding (MoU) to explore and pursue green hydrogen opportunities within and outside Pakistan.<br \/>\nThe collaboration aims to drive the energy transition towards a more sustainable future, leveraging each company\u2019s expertise and resources.<br \/>\nThe MoU was signed by Ahmed Hayat Lak, MD\/CEO OGDCL; Shahid Mahmood Khan, MD PARCO; Imran Abbasy, MD\/CEO PPL; Fahim Haider, MD\/CEO MPCL; and Masood Nabi, MD GHPL on behalf of their respective companies. Federal Secretary of Petroleum Division, Capt (R) Muhammad Mahmood, witnessed the MoU signing ceremony held here on Wednesday at the OGDCL Head Office, Islamabad.<br \/>\nUnder the MoU, OGDCL, PARCO, PPL, MPCL, and GHPL will consider joint venture projects and areas of mutual cooperation for green energy initiatives. Companies will also establish a joint fund to raise equity for hydrogen projects. As a first step, feasibility will be conducted to formally initiate the project.<br \/>\n\u201cThis collaboration is a significant step towards building a more sustainable future for Pakistan and beyond,\u201d said Capt (R) Muhammad Mahmood, Federal Secretary Petroleum Division.<br \/>\n\u201cWe are confident that by leveraging our collective expertise and resources, we can accelerate the energy transition and create a greener, cleaner, and more prosperous future,\u201d remarked Ahmed Hayat Lak, MD\/CEO of OGDCL.<br \/>\nThe MoU will be initially effective for two years from the date of signing, with the option to extend by mutual agreement. The energy giants will lead the pursuit of green hydrogen projects, engaging consultants and advisors subject to the agreement of the other parties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Leading exploration and production (E&#038;P) companies Oil &#038; Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private Limited (GHPL) have signed a Memorandum of Understanding (MoU) to explore and pursue green hydrogen opportunities within and outside Pakistan. The collaboration aims to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-322722","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Energy giants sign MoU to pursue green hydrogen projects in Pakistan and beyond<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/energy-giants-sign-mou-to-pursue-green-hydrogen-projects-in-pakistan-and-beyond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy giants sign MoU to pursue green hydrogen projects in Pakistan and beyond\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Leading exploration and production (E&#038;P) companies Oil &#038; Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private Limited (GHPL) have signed a Memorandum of Understanding (MoU) to explore and pursue green hydrogen opportunities within and outside Pakistan. The collaboration aims to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/energy-giants-sign-mou-to-pursue-green-hydrogen-projects-in-pakistan-and-beyond\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-29T19:27:42+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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