Oracle Energy signs MoU with PetroChina for potential green hydrogen and carbon credit offtake from Pakistani project

Oracle Energy has today (June 5) announced the signing of an agreement with PetroChina International (Middle East) Company (PCME) for the potential offtake of green hydrogen output and carbon credits from its planned project in Pakistan.

Under the Memorandum of Understanding (MoU) PCME has agreed to arrange the potential offtake of green hydrogen and carbon credits from the 55,000 tonne-per-day 400MW Oracle project, planned in Sindh, Pakistan.

Effective from June 2 (2023) and valid for five years, the MoU offers PCME the right of first refusal (ROFR) to enter into long-term or spot cargo contract to purchase all or part of the green hydrogen and carbon credits from the project.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...