Latest market news

Oracle in initial fuel cell deal for Pakistan project

  • Market: Hydrogen
  • 14/03/23

Pakistan-focused Oracle Power's subsidiary Oracle Energy has signed an initial agreement with South Korea's fuel cell developer Doosan to look into fuel cell opportunities for industrial power generation in Pakistan.

The fuel cell development for industrial power generation could have a capacity of up to 50MW and would use some of the green hydrogen produced by Oracle Energy's planned 55,000 t/yr project in Pakistan.

"This joint development programme presents a solution to provide sustainable power to large scale heavy industry, which is currently suffering on account of critical gas shortages," Oracle Power said.

The green hydrogen could be compressed and stored in gaseous form or converted to liquid hydrogen or ammonia, depending on the offtake requirements, the firm said.

The companies will also look into feeding the Doosan fuel cells with by-product hydrogen from chemical refineries, chlor-alkali and similar petrochemical plants, without any high-level purity requirements.

Oracle Power has already signed a non-binding agreement for supply of 50,000 t/yr of renewable hydrogen to UAE-based Emirates Global Aluminium, which would account for most of the Pakistan project's planned output.


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

No Results Found

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more