Pakistan Oxygen Limited, also known as PAKOXY, announced their plans to invest around Rs1.3 billion (approximately $15.5 million) in establishing a hydrogen production plant at Port Qasim. The decision aims to address the growing demand for industrial gases and enhance the company's presence in the hydrogen market. This strategic move was disclosed in a notice to the Pakistan Stock Exchange, emphasizing a long-term commitment to providing reliable gas solutions to industrial clients. The new facility will operate under a 15-year agreement with a major specialty chemicals manufacturer, showcasing a forward-looking business strategy. With a focus on ensuring high operational standards, the plant is set to play a significant role in meeting the surging interest in hydrogen as a sustainable energy source and vital industrial component. Pakistan Oxygen's investment reflects a positive sentiment towards hydrogen, recognizing its potential as a clean energy solution and highlighting the company's proactive approach to business development in the evolving energy landscape.